MicroStrategy $21B ATM Equity Offering event
Overview
On 30 October 2024 MicroStrategy announced an at-the-market equity offering programme allowing it to issue and sell up to $21 billion of Class A common stock over time. The programme formed the equity half of the company's '21/21 Plan' to raise $42 billion of capital over three years, with proceeds earmarked primarily for buying Bitcoin as a treasury reserve asset. The company described it as the largest ATM offering in capital markets history.
Within the DeFi Intel graph, MicroStrategy $21B ATM Equity Offering connects to 1 tracked entity, most strongly to Strategy Inc..
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Strategy Inc. | 95% |
Frequently asked questions
When was the $21 billion ATM announced?
30 October 2024, alongside MicroStrategy's third-quarter 2024 results.
What is the money for?
Primarily to acquire additional Bitcoin for the company's treasury, as part of its Bitcoin Treasury Company strategy.
How does it relate to the 21/21 Plan?
It is the $21 billion equity component of the $42 billion 21/21 Plan; the other $21 billion was to be raised through fixed-income securities.
Sources
Facts on this page were verified against the following sources.