Strategy wants to raise 44.1 billion to accelerate its bitcoin accumulation

In the crypto sphere, Strategy is not slowing down. On the contrary, Michael Saylor's company has just expanded its funding reserve to continue buying bitcoin, even in a less comfortable market than a few months ago.

A purchasing machine that no longer seeks to breathe

Strategy just opened up to $44.1 billion in additional capacity to fund its upcoming bitcoin purchases. The arrangement is based on three channels: 21 billion via the MSTR ordinary share, 21 billion via the STRC perpetual preferential, and 2.1 billion via STRK. In the listed crypto landscape, few companies display such firepower on paper.

This announcement does not come in a vacuum. Strategy purchased another 1,031 BTC last week, bringing its hoard to 762,099 bitcoins. The company values ​​this stock around $53.9 billion to $54 billion according to its own data.

The rhythm is above all what is striking. At the beginning of February, Strategy already said it held 713,502 BTC, including 41,002 acquired in January 2026. By comparing this figure to the current total of 762,099 BTC, we are of course almost 90,000 bitcoins added since the start of the year. It’s less a series of purchases than an industrial cadence.

The shift towards preferred shares changes the profile of Bitcoin betting

The new point is not only the amount. This is also the tool chosen. Strategy wants to rely more on its perpetual preferred shares, especially STRC, instead of relying solely on ordinary shares. The idea is to continue buying bitcoin without diluting MSTR shareholders too quickly.

But this move has a price. STRC pays a variable dividend paid monthly in cash, and Strategy now has an annualized rate of 11.50% for March 2026. STRK, for its part, promises 8% per year and can be converted into MSTR shares. It is therefore not neutral capital. It is capital that demands a return.

In other words, Strategy exchanges part of the dilution risk for a more visible financial burden. This shift is important for the crypto market because it shows that the company is no longer just looking to raise money. She seeks to architect several layers of risk around bitcoin. It's more sophisticated. It's not necessarily lighter.

Strategy sells bitcoin exposure formats

The company itself says it in its investor communication: its treasury strategy consists of offering several degrees of economic exposure to bitcoin, via equity securities and fixed income instruments. Clearly, Strategy no longer just sells a business story. It sells financial packages around the same central asset.

This logic explains why the market continues to give it a special place in the listed crypto universe. Reuters already noted that companies like Strategy often pay themselves with a premium on their assetsbecause investors believe they can exploit the credit and stock markets to buy even more bitcoin.

This is where the matter becomes interesting. Strategy looks less and less like a simple software company with a BTC stash. It looks more and more like a bitcoin financing exchange platform. The nuance matters, because it changes the way of reading its risk, its valuation and its influence on the crypto market.

The real test begins now

The market can admire the audacity of the assembly. He must also look at his resistance. The regulatory document recalls that future issues of securities may weigh on the price of shares and sometimes lead to significant dilution for holders of securities linked to capital. This risk is not theoretical. It is black on white.

The second test is that of real cost. As of March 24, Strategy's dashboard showed an average acquisition price of $75,694 per bitcoin, above the current value of its stock, estimated at around $53.9 billion for a cumulative cost close to $57.7 billion. In other words, the machine continues to buy even though its average entry point remains higher than the market level.