MicroStrategy launches $44.1B capital raising program

MicroStrategy (MSTR) has announced a significant expansion of its at-the-market (ATM) offering program to raise up to $44.1 billion. The program includes plans to issue an additional $21 billion in common stock, $21 billion in new perpetual preferred stock (STRC), and $2.1 billion in a new class of stock (STRK) that offers cumulative dividends and an optional conversion to common stock. While the newly disclosed documents do not mention Bitcoin purchases, MicroStrategy has historically used various stock sale programs to acquire BTC.