Strategy has successfully raised $21 billion in 2025, marking a strategic shift towards preferred equity to bolster its Bitcoin holdings. The funding includes $6.9 billion in preferred equity, $11.9 billion in common equity, and $2.0 billion in convertible debt. This capital raise is part of Strategy's broader plan to attract institutional investors and enhance its cryptocurrency portfolio. The company has structured its offerings across various securities, including $1.18 billion in STRF and $2.68 billion in STRC. This move to preferred equity represents a significant change from 2024, when such funding was not utilized extensively. Strategy's rapid capital-raising efforts in 2025 are nearing the previous year's total, achieved in a shorter period.