Strategy Inc., the publicly traded firm led by Michael Saylor, has successfully raised $21 billion from capital markets so far in 2025. This impressive fundraising nearly matches the $22.6 billion the company secured throughout all of 2024, signaling accelerated access to capital and strong investor confidence in its corporate direction.

A Multi-Faceted Fundraising Approach

The capital was sourced through a diverse mix of financial instruments, demonstrating the company’s ability to adapt to market conditions. The fundraising includes $11.9 billion from common equity, $6.9 billion from preferred equity, and an additional $2 billion through convertible debt. These funds were generated across seven different security issuances, with individual raises ranging from $710 million to $2.68 billion.

Bolstering an Unmatched Bitcoin Treasury

This aggressive capital strategy directly supports the company’s primary mission: expanding its massive Bitcoin treasury. Strategy Inc. remains the world’s largest corporate holder of Bitcoin by a significant margin, with its balance sheet holding 649,870 BTC. Valued at over $56 billion, this stake represents more than 3% of Bitcoin’s maximum supply of 21 million coins.

The sustained influx of institutional capital underscores broad market support for the company’s thesis that Bitcoin can serve as a primary reserve asset and a key driver of corporate growth.

Corporate Bitcoin Holdings in Context

Data from BitcoinTreasuries.net highlights the scale of Strategy’s dominance. The second-largest public holder, Marathon Digital Holdings, has 52,850 BTC. Other major holders from the mining sector include Riot Platforms with 19,324 BTC and CleanSpark with 13,033 BTC, reinforcing the role of miners as significant long-term accumulators.

The trend also shows growing international participation, with Japan’s Metaplanet Inc. holding 30,823 BTC. The list of major corporate investors is rounded out by firms like Twenty One Capital (37,229 BTC), Bullish (24,340 BTC), Galaxy Digital (17,102 BTC), and Coinbase Global (14,458 BTC).