Strategy Inc. (NASDAQ: MSTR) executed one of the most aggressive corporate treasury moves of 2026. Over a six-day window spanning May 11 to 17, the company raised $2.03 billion through targeted stock sales and immediately deployed the capital into bitcoin.

The fundraise ran through two parallel at-the-market (ATM) equity programs. Under the STRC program, Strategy sold 19.95 million shares, generating net proceeds of $1.95 billion. An additional 430,344 shares sold via the MSTR program brought in $83.7 million.

The combined $2.01 billion was used to purchase 24,869 bitcoin at an average price of $80,985 per coin. As of May 17, Strategy's total bitcoin treasury stands at 843,738 BTC, representing a cumulative investment of $63.87 billion at an all-time average acquisition price of $75,700 per coin.

The company's capacity for further purchases remains substantial. Across its active ATM programs, Strategy retains $51.5 billion in unused capacity: $26.3 billion under MSTR, $17.5 billion under STRC, and a combined $7.7 billion spread across the STRD, STRK, and STRF programs.