Strategy has raised $21 billion in 2025, with a focus on expanding its Bitcoin holdings . This funding reflects a shift towards preferred equity, aiming to attract institutional investors. The company has moved faster than last year’s pace despite a shorter timeframe. Strategy raised $20.8 billion through equity and debt in 2025. The breakdown includes $11.9 billion in common equity, $6.9 billion in preferred equity, and $2.0 billion in convertible debt. The preferred equity component marks a significant change from 2024, when it was not utilised on a large scale. Last year, Strategy raised $22.6 billion, with $16.3 ... (full story)