Michael Saylor’s Strategy Resumes Bitcoin Buying With $21B Stock Offering

After a brief pause, Michael Saylor’s Strategy (STRK) is back to accumulating Bitcoin (BTC). The company announced a massive $21 billion at-the-market (ATM) offering of its Series A preferred stock early Monday during U.S. trading hours. The proceeds will primarily go toward purchasing more Bitcoin, reinforcing Strategy’s position as the largest corporate BTC holder.

The news provided a slight boost to Bitcoin, which had dropped to $80,000 during a volatile Sunday session but has since rebounded above $83,000. Strategy currently holds just under 500,000 BTC, valued at around $42 billion at today’s prices.

Despite the Bitcoin acquisition plan, Strategy’s stock (MSTR) is down 5.5% in premarket trading and has plummeted nearly 50% from its record high in late November. Investors remain cautious as the company continues its aggressive BTC accumulation strategy amid ongoing market fluctuations.

Saylor’s Bitcoin-focused approach has positioned Strategy as a leader in corporate crypto investments, but its stock price remains sensitive to BTC’s volatility. With Bitcoin’s recent price swings, market watchers are closely monitoring whether this latest move will fuel further price momentum or add pressure to Strategy’s stock performance.