MicroStrategy Plans $42B Stock Raise After Expanding Bitcoin Treasury to 762,099 BTC
MicroStrategy plans a $42 billion equity raise through Class A and STRC preferred shares to fund further Bitcoin purchases and has already secured $7.3 billion year-to-date, expanding its treasury to 762,099 BTC valued at $54.1 billion. Analysts retain a $150,000 2026 Bitcoin target, noting MSTR’s $53.5 billion NAV (3.6% supply) and strong balance sheet.
1. Capital Raise Plan
MicroStrategy announced a $42 billion capital raise split evenly between Class A common stock and perpetual preferred STRC shares. The company expanded its sales syndicate to 19 agents, including Moelis, A.G.P./Alliance Global Partners and StoneX Financial, to underwrite a gradual equity offering alongside an existing $6.24 billion ATM program.
2. Expanded Bitcoin Holdings
The firm purchased an additional 1,031 BTC last week, bringing total holdings to 762,099 BTC valued at $54.1 billion. Year-to-date fundraising of $7.3 billion through equity has funded these purchases despite an 19% drop in Bitcoin’s price over the same period.
3. Analyst Outlook & Balance Sheet
Analysts retain a $150,000 year-end 2026 Bitcoin target, highlighting MSTR’s $53.5 billion Bitcoin NAV (3.6% of total supply) as a backstop. They also cite STRC’s sub-2% volatility monthly coupon and a liquid, pressure-tested balance sheet supporting high-beta exposure to any further upside.