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Strategy<\/a> has announced plans<\/a> to raise up to $4.2 billion through sales of its 10.00% Series A Perpetual Stride Preferred Stock (STRD) to fund additional Bitcoin purchases, marking another major capital raise as institutional Bitcoin adoption accelerates.<\/p>\n According to a company filing on July 7<\/a>, the at-the-market (ATM) program will allow Strategy to sell STRD shares over an extended period, with proceeds earmarked for Bitcoin acquisition and general corporate purposes. The announcement comes as the firm reported $14.05 billion in unrealized gains for Q2 2025<\/a>.<\/p>\n \u201cThe institutional landscape has fundamentally transformed. From Strategy\u2019s 597,325 BTC holdings to Metaplanet\u2019s 15,555 BTC and Deutsche Bank\u2019s custody plans, we\u2019re seeing unprecedented institutional engagement across markets.<\/p>\n Strategy<\/a> raised $6.8 billion through various capital markets activities in Q2, including preferred stock offerings and common stock sales. The company maintains significant capacity for future issuances, with $18.1 billion remaining under its 2025 Common ATM, $20.5 billion under STRK ATM, and $1.9 billion under STRF ATM.<\/p>\n The STRD offering represents Strategy\u2019s fourth gear in its Bitcoin acquisition engine, according to Chairman Michael Saylor, targeting yield-focused investors seeking high returns with collateral coverage. The company previously raised nearly $1 billion through STRD sales in early June.<\/p>\n