Michael Saylor’s company Strategy has reportedly made one of its biggest single-day Bitcoin purchases after raising fresh capital through its preferred equity offering. The company sold a record amount of its perpetual preferred shares, known as Stretch (STRC), which analysts estimate funded the purchase of around 1,420 Bitcoin in a single day.
The move follows a recent adjustment in the company’s at-the-market (ATM) share sales program that allows more flexibility in how the securities are issued. The change appears to have accelerated capital raising activity tied to Strategy’s ongoing Bitcoin accumulation plan.
Record STRC issuance supports Bitcoin buy
Data from STRC.live suggests that Strategy sold nearly 2.4 million STRC shares through its ATM program. Based on the estimated proceeds, the capital raised likely funded the purchase of roughly 1,420 Bitcoin, valued at around $70,040 per coin at the time.
This marks the largest estimated daily issuance of STRC shares so far and surpasses the previous record, when proceeds were used to purchase around 1,069 Bitcoin. The latest development highlights the growing scale of Strategy’s funding operations designed to expand its Bitcoin treasury.
The company is already the largest public holder of Bitcoin, and it has consistently relied on different financial instruments to raise funds for additional purchases.
Changes to ATM sales structure
On Monday, Strategy introduced a key modification to its ATM share sales program. Earlier, the program allowed only one agent to sell the securities during a single trading day. Under the revised structure, a second agent can now sell the shares outside regular market hours, including premarket and after-hours trading.
The change is expected to give the company greater flexibility in issuing securities and responding to market demand. By expanding the selling window, Strategy can potentially raise funds more efficiently without being limited to standard trading hours.
Some market participants believe the adjustment could help the company accelerate capital raising efforts whenever Bitcoin buying opportunities arise.
STRC becomes a core funding tool
STRC is a variable rate perpetual preferred stock introduced by Strategy in July 2025. It is part of a broader set of financial instruments the company uses to support its Bitcoin treasury strategy.
Apart from STRC, Strategy also uses several other ATM programs, including Stride (STRD), Strife (STRF), Strike (STRK), and its common stock MSTR. These securities provide different avenues for raising funds from investors who want exposure to the company’s Bitcoin focused approach.
STRC pays monthly cash dividends with a variable rate. For March, the annualized dividend rate has been set at 11.5 percent, making it an attractive option for investors seeking yield while supporting the firm’s broader strategy.
Investors show strong interest
Market observers say the updated sales structure could draw more investor participation and allow Strategy to expand its capital pool more quickly. Ragnar, a market analyst who tracks the company’s funding activity, noted that the new system could lead to significantly higher capital inflows and more Bitcoin purchases.
Earlier estimates suggested that STRC proceeds might fund a weekly purchase of about 4,300 Bitcoin, worth roughly $303 million. However, the latest filings show that the actual capital raised exceeded those expectations.
Massive Bitcoin acquisition reported
In a filing with the US Securities and Exchange Commission, Strategy disclosed that it had raised about $378 million through STRC sales. When combined with proceeds from other offerings, the company reported a total Bitcoin purchase worth around $1.3 billion.
Among the various securities issued, the company’s common stock MSTR generated the largest share of proceeds, bringing in nearly $900 million.
The continued buying activity comes even as Bitcoin trades below Strategy’s average purchase price, which stands at around $75,862 per coin. Despite the gap, the company appears committed to expanding its holdings as part of its long-term treasury plan.
Strategy’s approach has attracted attention across financial markets, as it blends traditional capital raising methods with a corporate strategy centered on accumulating Bitcoin.
