Micheal Saylor Will Raise $20 Billion to Buy Bitcoin
Michael Saylor’s Strategy, the largest public corporate holder of Bitcoin, is preparing to raise up to $21 billion in new capital to purchase more BTC.
On March 10, the company announced a new sales agreement allowing it to issue and sell shares of its 8% Series A perpetual strike preferred stock to fund general corporate activities, including potential Bitcoin acquisitions.
As part of the agreement, referred to as the “ATM Program,” the company plans to sell shares gradually over time, considering trading price and volume at the moment of sale.
“Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of Bitcoin and for working capital,” the company stated in its filing with the Securities and Exchange Commission (SEC).
The announcement follows Strategy’s accumulation of 499,096 BTC, valued at $41.2 billion, which it purchased at an average price of $66,423 per BTC for a total cost of $33.1 billion.
Previously, the company disclosed its plan to issue and sell class A common stock to raise up to $21 billion in equity and $21 billion in fixed-income securities over three years as part of its “21/21 plan” to increase Bitcoin holdings.
So far in 2025, Strategy has publicly disclosed six Bitcoin acquisitions, adding 52,696 BTC since Jan. 13.
The company’s BTC yield currently stands at 6.9% year-to-date, with Bitcoin trading at $82,972.
In 2024, Strategy’s BTC yield, which measures the percentage change between its BTC holdings and assumed diluted shares, was 74%. The company aims to reach a BTC yield of 15% in 2025.
Previously known as MicroStrategy, the company became a major player in the crypto industry after adopting its Bitcoin reserve strategy and purchasing its first BTC in August 2020.
Strategy’s Bitcoin strategy played a key role in influencing traditional finance (TradFi) companies such as Tesla and Japanese firm Metaplanet to integrate BTC into their balance sheets.
Michael Saylor, the company’s co-founder and former CEO, remains a key figure in the crypto industry, advocating for the United States to become a leading crypto economy.
A vocal Bitcoin proponent, Saylor has urged the US government to increase its Strategic Bitcoin Reserve to 25% of Bitcoin’s total supply or expand its current 200,000 BTC holdings to 525,000 BTC.
Sources:
https://cointelegraph.com/news/michael-saylor-strategy-raise-21-billion-purchase-bitcoin
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