At The Market (ATM)
A flexible equity offering allowing sales of shares into the market at prevailing prices over time.
What is At The Market (ATM)?
At-the-market (ATM) offering enables public companies to sell shares directly into existing trading markets at current prices, providing gradual capital raising without fixed terms. Strategy utilizes ATMs for its 42/42 plan, completing $21 billion in MSTR shares by May 2025 and launching $21 billion each for STRK and common, with $20.87 billion remaining for STRK as of May 2025.
This method supports opportunistic Bitcoin buys during bull markets, as seen in $180.3 million raised April-May 2025.
Related Terms
Optimistic Rollup
An Optimistic Rollup is a layer-2 scaling solution for Ethereum that processes transactions off-chain, assumes they are valid, and posts compressed data to the main chain, relying on fraud proofs to ensure correctness.
ERC-20
A standard for fungible tokens on Ethereum, enabling interoperability across dApps.
Federal Open Market Committee (FOMC)
A 12-member committee within the Federal Reserve System responsible for setting U.S. monetary policy, including interest rates and open market operations.
Bitcoin Core
Bitcoin Core is the primary software client for running a Bitcoin full node, validating transactions, and contributing to the network’s proof-of-work consensus.
Ethereum Wallet
A software or hardware tool that manages Ethereum accounts, enabling users to store, send, and receive ETH or tokens.
AMM (Automated Market Maker)
A protocol that uses liquidity pools and algorithms to facilitate decentralized trading of digital assets.