Strategy announced that it has raised $21 billion in capital year-to-date in 2025, according to a company statement that included a detailed breakdown of its funding mix.
The total reflects a shift from fiscal year 2024, when the firm raised $22.6 billion, consisting of $16.3 billion in common equity and $6.2 billion in convertible debt, company data shows.
Strategy broadens its funding structure
So far in 2025, Strategy has secured $20.8 billion through a more diversified set of instruments: $11.9 billion in common equity, $6.9 billion in preferred equity, and $2.0 billion in convertible debt, the statement said.
The year’s fundraising also includes structured offerings across several securities: $1.18 billion in STRF, $2.68 billion in STRC, $0.71 billion in STRE, $1.25 billion in STRK, and $1.07 billion in STRD, according to the company’s breakdown.
The introduction of preferred equity marks a notable shift from 2024, when the company did not rely on that funding category at scale, the data showed.
Strategy has positioned itself as a major corporate Bitcoin accumulator, using capital markets access to finance its cryptocurrency purchases, according to previous company statements. Chairman Michael Saylor has repeatedly described Bitcoin as the firm’s treasury reserve asset.
The company’s 2025 fundraising pace is already approaching last year’s total, despite occurring over a shorter period, the figures indicated. If sustained, Strategy could surpass its 2024 capital-raising amount by year-end.
Strategy now holds one of the largest corporate Bitcoin reserves globally, according to industry trackers. Its diversified funding approach has drawn institutional investors across the full range of securities it offers, the company noted.
