MicroStrategy Incorporated (NASDAQ:MSTR) (Strategy) shares climbed 3.5% Monday after the bitcoin-focused firm completed a large at-the-market equity offering, raising roughly $2.01 billion in net proceeds through the sale of more than 18.2 million shares.
The capital raise strengthens Strategy's liquid reserves without requiring the company to sell any of its underlying cryptocurrency holdings.
Strategy increased its USD Reserve to $5.10 billion and established an additional $1.59 billion in USD Cash. The company also repurchased $136 million of STRC.
As of August 23, 2026, Strategy holds approximately 4% of the total bitcoin supply and reported roughly 0% net leverage.