MSTR Stock Rises After Michael Saylor-Backed Strategy Announces $44 Billion Capital Raise Expansion, New ATM Offerings

Strategy (MSTR) shares gained in morning trade on Monday after the company said it was expanding its capital-raising programs.

The company announced the launch of new at-the-money (ATM) offerings of up to $21 billion in MSTR common stock, $21 billion in Variable Rate Series A Perpetual “Stretch” Preferred Stock (STRC) preferred stock, and $2.1 billion in Series A Perpetual “Strike” Preferred Stock (STRK) preferred stock. 

Strategy also increased authorized STRC shares to 282.6 million and cut authorized STRK shares to 40.3 million. 

MSTR’s stock was up nearly 2% in morning trade. Retail sentiment on Stocktwits around the shares dipped to ‘neutral’ from ‘bullish’ territory over the past day. Chatter fell to ‘normal’ from ‘high levels. 

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