VanEck’s head of digital assets research, Matthew Sigel, thinks that “Bitcoin isn’t just a store of value. It’s a magnet for capital.”

Sigel made the remark on X (formerly Twitter) on March 25 in the context of Bitcoin -centric MicroStrategy (Nasdaq: MSTR), recently rebranded to Strategy, raising 16% of all equity raised or announced in 2024.

The intensive equity offering is significant even as the MSTR stock accounted for only 0.07% of U.S. equities in terms of value.

Sigel highlighted how five sectors — software, biotechnology, oil and gas, real estate investment trusts (REITs), and aerospace/defence — raised a third of additional offerings that were announced or completed in 2024.

With $39.57 billion, the software sector led the additional offerings last year, of which more than 70% came from Strategy.

The company is led by co-founder and executive chairman Michael Saylor, who is known for his extremely bullish outlook on Bitcoin.

Besides the MSTR stock, Strategy began offering Series A Perpetual Strike Preferred Stock (Nasdaq: STRK) in January 2025. The company also announced the launch of the Series A Perpetual Strife Preferred Stock (Nasdaq: STRF) in March 2025.

The software and analytics company continues to leverage a large portion of the funds it raises to acquire Bitcoin.

Strategy is the largest corporate holder of Bitcoin. It revealed on March 24 that it had purchased 6,911 BTC between March 17 and March 23 for $584.1 million, raising its total Bitcoin holdings to 506,137 coins.

Bitcoin broke the price mark of $88,000 within hours of Strategy’s statement. As per Kraken’s price feeds , it was trading at $87,966.33 at press time.

Meanwhile, the MSTR and STRK stocks were trading at $334.42 and $86.68 at press time.