Strategy Expands Bitcoin Treasury Using ATM Equity Proceeds

The latest update is out from Strategy ( (MSTR) ).

On May 11, 2026, Strategy Inc. reported that between May 4 and May 10 it sold 1,412 shares of its STRC preferred stock for net proceeds of about $0.1 million and 231,324 shares of its MSTR Class A common stock for net proceeds of $42.9 million under its at-the-market offering program, while leaving substantial remaining capacity for future issuances across its preferred and common stock lines. Over the same period, the company deployed $43 million of these ATM proceeds to acquire 535 bitcoins at an average price of $80,340, bringing its total holdings as of May 10 to 818,869 bitcoins purchased for approximately $61.86 billion at an average cost basis of $75,540, and it reiterated that its public dashboard serves as a primary channel for ongoing disclosure of securities data and bitcoin activity to investors.

Strategy’s disclosure confirms that it is using the ATM program as a key funding mechanism for expanding its already large bitcoin treasury position, reinforcing its strategic alignment with bitcoin as a core balance-sheet asset and signaling continued reliance on equity markets to finance digital asset accumulation. The company also emphasized its website dashboard as an important tool to provide broad, non-exclusionary access to market price information, key performance indicators, and updates on its securities and bitcoin holdings, underlining a focus on transparency and ongoing regulatory-compliant communication with shareholders and other market participants.

The most recent analyst rating on (MSTR) stock is a Buy with a $350.00 price target. To see the full list of analyst forecasts on Strategy stock, see the MSTR Stock Forecast page.

Spark’s Take on MSTR Stock

According to Spark, TipRanks’ AI Analyst, MSTR is a Neutral.

The score is held back primarily by weak and volatile fundamentals—very large recent losses and negative operating/free cash flow—despite a currently well-capitalized balance sheet. Technicals are supportive in the near term with positive momentum, while valuation is difficult to justify on earnings due to a negative P/E and only limited yield support. Earnings-call commentary is moderately positive on strategy execution and BTC-per-share targets but remains tempered by substantial Bitcoin-driven volatility and liquidity/communication risks.

To see Spark’s full report on MSTR stock, click here.

More about Strategy

Strategy Inc. operates as a corporate vehicle that actively manages capital markets activities and digital asset exposure, notably through listed securities such as preferred stock series and Class A common stock. The company also holds significant bitcoin positions and provides investors with real-time transparency on its securities metrics, bitcoin purchases and holdings, and key performance indicators via a dedicated dashboard on its website.

Average Trading Volume: 19,296,087

Technical Sentiment Signal: Buy

Current Market Cap: $64.95B

For a thorough assessment of MSTR stock, go to TipRanks’ Stock Analysis page.