Strategy Raises Equity to Expand Massive Bitcoin Holdings

An announcement from Strategy ( (MSTR) ) is now available.

On May 18, 2026, Strategy Inc. reported an update on sales under its at-the-market offering program for the period from May 11 to May 17, 2026, highlighting that it sold 19,519,801 shares of its STRC preferred stock with a total face value of $1.952 billion and net proceeds of $1.949 billion, and 430,344 shares of its MSTR Class A common stock generating $83.7 million in net proceeds, while leaving substantial remaining issuance capacity across multiple preferred and common stock lines. The company noted that its ongoing stock offering capacity includes a previously announced $21 billion increase for MSTR stock, and reiterated that its website dashboard serves as a primary channel for broad, non-exclusionary disclosure of market data, bitcoin activity, and other metrics to comply with Regulation FD and keep investors informed of its capital raising and balance sheet strategy.

Also on May 18, 2026, Strategy disclosed that between May 11 and May 17, 2026 it acquired 24,869 bitcoin at an aggregate purchase price of approximately $2.01 billion, implying an average price of about $80,985 per bitcoin, funded with proceeds from its ATM share sales. As of May 17, 2026, the company held a total of 843,738 bitcoin purchased for roughly $63.87 billion at an average price of $75,700, underscoring its continued large-scale accumulation of the cryptocurrency and signaling an ongoing commitment to using equity capital to expand its digital asset holdings, with implications for shareholders’ exposure to bitcoin price volatility and the firm’s balance sheet risk profile.

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 highly volatile fundamentals (large losses, negative operating cash flow, and low predictability), partially offset by a stronger balance sheet and improved leverage. Technicals are moderately supportive (positive momentum above key intermediate moving averages), and the earnings call was directionally constructive on strategy and funding optionality but still centered on substantial mark-to-market volatility risk. Valuation is constrained by a negative P/E and minimal dividend yield.

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

More about Strategy

Strategy Inc. is a publicly traded company that actively uses an at-the-market offering program to issue various classes of stock, including preferred shares and Class A common stock, and maintains significant exposure to bitcoin as part of its corporate strategy. The company provides investors with detailed, ongoing disclosure about its securities, bitcoin purchases and holdings, and key performance indicators through a dedicated dashboard on its website, positioning itself as a transparent player for stakeholders tracking its capital markets and digital asset activities.

Average Trading Volume: 18,930,139

Technical Sentiment Signal: Buy

Current Market Cap: $62.18B

For detailed information about MSTR stock, go to TipRanks’ Stock Analysis page.