Strategy has expanded its capital-raising capacity by up to $44.1 billion through an enlarged at-the-market (ATM) equity program, signaling a continued and aggressive commitment to accumulating Bitcoin.

The new structure allows the company to raise $21 billion via Class A common stock, another $21 billion through variable-rate perpetual preferred shares (STRC), and $2.1 billion through fixed-rate preferred shares (STRK). As part of the restructuring, Strategy also adjusted its authorized share counts and terminated its previous STRK ATM program while strengthening distribution by adding new sales agents.

This expansion is part of Strategy’s broader “42/42 Plan,” an $84 billion capital strategy split evenly between equity and fixed-income instruments. Introduced as an evolution of its earlier framework, the plan aims to systematically convert shareholder capital into Bitcoin through 2027.

The announcement comes alongside continued large-scale Bitcoin purchases. The company recently acquired 1,031 BTC for approximately $77 million, bringing total holdings to 762,099 BTC. This follows an even larger purchase of over 22,000 BTC the week prior, highlighting a consistent pace of accumulation funded primarily through equity issuance.

Overall, Strategy is reinforcing its position as the largest corporate holder of Bitcoin, using capital markets as a core mechanism to expand its crypto treasury over the long term.