Strategy expands stock offering programs with new sales agents

Strategy Inc. (NASDAQ: MSTR) added three new sales agents to its existing securities offering program on March 23, 2026, according to a company filing with the Securities and Exchange Commission.

The company entered into agreements with Moelis & Company LLC, A.G.P./Alliance Global Partners, and StoneX Financial Inc., expanding its roster of sales agents under an omnibus sales agreement originally established in November 2025.

Strategy also established three new at-the-market offering programs. The company may now sell up to $21.0 billion in additional common stock shares and up to $21.0 billion in Variable Rate Series A Perpetual Stretch Preferred Stock shares through the expanded agent network. A third program allows for up to $2.1 billion in 8.00% Series A Perpetual Strike Preferred Stock shares.

The company previously registered offerings totaling approximately $15.85 billion in common stock, $4.2 billion in STRC preferred stock, and $20.34 billion in STRK preferred stock under earlier prospectus supplements. Strategy terminated its prior STRK preferred stock offering program on March 22, 2026.

The existing sales agent network includes TD Securities (USA) LLC, The Benchmark Company LLC, Barclays Capital Inc., BTIG LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Clear Street LLC, Compass Point Research & Trading LLC, H.C. Wainwright & Co. LLC, Keefe Bruyette & Woods Inc., Maxim Group LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Santander US Capital Markets LLC, SG Americas Securities LLC, and TCBI Securities Inc.

Legal opinions for the new offerings were provided by Wilmer Cutler Pickering Hale and Dorr LLP and Latham & Watkins LLP.

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