Strategy is seeking to raise up to $44.1 billion through a mix of common stock sales and preferred equity to continue accumulating Bitcoin despite a market downturn.
The capital raise includes $21 billion from Strategy stock, $21 billion from its Stretch preferred shares and $2.1 billion from its Strike offering, according to a regulatory filing.
The company has increasingly turned to dividend-paying preferred stocks to fund purchases while limiting dilution of its core equity.
Strategy recently acquired 1,031 Bitcoin for $76.6 million, adding to major purchases earlier in March totalling nearly $2.9 billion.
The firm has accumulated nearly 90,000 Bitcoin so far this year, bringing total holdings to 762,099 BTC valued at around $54 billion.
Despite the aggressive buying, Strategy is currently sitting on an unrealised loss of about 6.3% as Bitcoin trades well below its all-time high.
The move underscores Strategy’s continued high-conviction approach to Bitcoin, positioning the company as one of the largest corporate holders of the asset globally.
At the time of reporting, Bitcoin price was $70,280.18.