Strategy Buys Over 21,000 Bitcoin After Record $2.5B IPO

Strategy, formerly known as MicroStrategy, has expanded its Bitcoin holdings significantly by acquiring 21,021 BTC following a massive capital raise. The company, which already holds the largest Bitcoin treasury among publicly traded firms, revealed on Tuesday that it made the purchase at an average price of $117,256 per coin. This latest move brings Strategy’s total Bitcoin holdings to 628,791 BTC. According to data from BitcoinTreasuries.NET, this is the company’s largest acquisition since the end of March. STRC IPO Becomes Biggest US Listing of 2025 Strategy financed the purchase through its fourth preferred stock offering — STRC — raising $2.5 billion. The firm sold 28 million shares of its Variable Rate Series A Perpetual Preferred Stock at $90 per share, significantly upsizing the deal from its initial $500 million target. The STRC issuance is now the largest US IPO of 2025 in terms of gross proceeds, surpassing the $1 billion offering from Circle Internet Group earlier this year. Strategic Financing Model Draws Copycats This latest acquisition is part of Strategy’s broader approach of using capital markets to increase its Bitcoin reserves. Over the years, the company has deployed a mix of equity offerings, debt instruments, and convertible notes to fund its Bitcoin purchases. This strategy has inspired at least 160 public companies to add cryptocurrencies to their balance sheets. STRC to Begin Nasdaq Trading Strategy confirmed that STRC would begin trading on the Nasdaq on Wednesday. This marks the first perpetual preferred security issued by a Bitcoin treasury firm to be listed on a US exchange. STRC will offer monthly board-adjusted dividends, making it attractive to income-oriented investors. It joins a family of similar instruments from Strategy, including STRK, STRF, and STRD — each designed to meet different investment goals, with varying yields and dividend structures. Shares Show Modest Reaction Ahead of Earnings Shares of Strategy (MSTR) dipped 2.26% at Tuesday’s close but slightly recovered 0.52% in after-hours trading to reach $396.70. So far in 2025, MSTR shares are up by 31.55%, a slower pace compared to the 358.55% surge seen in 2024. This latest Bitcoin buy comes just ahead of the company’s second-quarter earnings report, due Thursday, which will detail how its fundraising and crypto investments have impacted its financials through June 30.

Source: CryptoIntelligence