Strategy (MSTR) hits 600,000 BTC milestone, taps all four ATMs for the first time

Jul 14, 2025

In a Form 8-K filed July 14, 2025, Strategy (MSTR) disclosed that it had utilized all four of its at-the-market (ATM) offerings last week, using the proceeds to purchased 4,225 BTC to up its treasury to 601,550 BTC. 

This milestone comes a week after Strategy launched its $4.2 billion, 10.00% Series A perpetual Stride preferred stock (STRD) ATM. 

Read More: Strategy launches $4.2 billion STRD ATM program, books $14 billion in unrealized profits

The 8-K highlighted that Strategy sold $330.9 million shares of MSTR, $71.1 of STRK, $55.3 million of STRF, and $15.0 million of STRD to raise a total of $472.3 million. This is the first time all four ATM offerings have been used in the same week. 

Strategy has been buying bitcoin almost every week since the end of 2024. In 2025, MicroStrategy rebranded to Strategy and has also launched three series of perpetual preferred stocks: Strike (STRK), Strife (STRF), and Stride (STRD). 

Founder and Executive Chairman Michael Saylor said that Strategy aims to become the leading issuer of bitcoin-backed securities. STRF, STRK, and STRD are the results of this ambition. 

MSTR is up 2.6% during pre-market hours, at the time of publishing. 

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