Michael Saylor, Executive Chairman and co-founder of Strategy (formerly MicroStrategy), has no intention of slowing down in his quest to accumulate Bitcoin. Staying true to his reputation as a BTC maximalist, the entrepreneur announced on May 22 the launch of a major new financing program: a $2.1 billion fundraising via STRF preferred shares.
A Stock Offering to Support the “Bitcoin Strategy”
Strategy has launched an at-the-market (ATM) program allowing for the gradual issuance of its Series A 10% perpetual preferred shares (STRF), depending on market conditions. The offering will be managed with major players such as TD Securities, Barclays Capital, and The Benchmark Company, and is part of a broader shelf registration with the U.S. SEC.
The company stated that the funds will be used for “general corporate purposes,” but primarily to further strengthen its massive Bitcoin holdings. This move aligns with a now-clear business model: using financial markets and software revenues to convert capital into BTC.
576,230 BTC and an Insatiable Appetite
On May 19, Strategy announced it had already acquired an additional 7,390 BTC for approximately $764.9 million, at an average price of $103,498 per coin. This new purchase brought its total holdings to 576,230 BTC, with a cumulative cost of $40.2 billion—an average price of about $69,726 per BTC. As of 2025, Strategy has already achieved a 16.3% return on its Bitcoin portfolio.
With this new fundraising effort, the company fully intends to continue its buying spree and further increase its grip on the market.
A Bullish Signal for the Entire Crypto Market
Each massive BTC acquisition by Strategy acts as a bullish signal for the market. In the past, such announcements have often coincided with significant price increases and renewed institutional and general interest.
Given the growing appetite among companies for Bitcoin, this $2.1 billion raise could very well spark a new wave of institutional FOMO (fear of missing out).
In a world where trust in fiat currencies is weakening, Michael Saylor is betting that Bitcoin will become the cornerstone of capital. And if his bet proves correct, this $2.1 billion fundraising will just be one more step toward a radically different monetary future.