Strategy Purchases Over 21,000 Bitcoin After Raising $2.5 Billion in 2025’s Largest US IPO
Michael Saylor’s company, Strategy, has acquired 21,021 Bitcoin following a monumental $2.5 billion capital raise through its fourth preferred stock offering, marking the largest initial public offering (IPO) in the United States in 2025 to date.
Michael Saylor’s company, Strategy, has acquired 21,021 Bitcoin following a monumental $2.5 billion capital raise through its fourth preferred stock offering, marking the largest initial public offering (IPO) in the United States in 2025 to date.
The company, previously known as MicroStrategy and holding the largest Bitcoin reserves among public firms, disclosed on Tuesday that it bought the Bitcoin at an average price of $117,256 per coin. This purchase increased its total Bitcoin holdings to 628,791 BTC, the largest accumulation since March 31 this year, according to BitcoinTreasuries.NET data .
Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC acquired for ~$46.08 billion at ~$73,277 per bitcoin. $MSTR $STRK $STRF $STRD $STRC
— Michael Saylor (@saylor) July 29, 2025
Strategy raised the funds by selling 28 million shares of Variable Rate Series A Perpetual Preferred Stock (STRC) at $90 per share, far exceeding its initial target of $500 million. This offering now stands as the biggest US IPO of this year in terms of gross proceeds, surpassing Circle Internet Group’s $1 billion IPO earlier in June.
Continuing its innovative fundraising approach, Strategy uses financial products such as equity, debt, and convertible notes to finance Bitcoin purchases. This strategy has inspired at least 160 publicly traded companies to add cryptocurrency to their balance sheets.
The newly issued STRC shares are slated to begin trading on Nasdaq this Wednesday. The stock is notable for being the first US exchange-listed perpetual preferred security issued by a Bitcoin treasury company, designed to provide monthly board-adjusted dividends for income-focused investors. STRC joins Strategy’s previous preferred offerings, which include Strike (STRK), Strife (STRF), and Stride (STRD), each offering different dividend structures and terms.
Shares of Strategy (MSTR) closed Tuesday’s trading down 2.26%, with a slight after-hours gain of 0.52% to $396.70, according to Google Finance. The stock has gained 31.55% year-to-date, a more moderate rise compared to its 2024 performance when it surged by over 350%.
Meanwhile, Tokyo-listed Quantum Solutions Co., Ltd. has entered a strategic partnership with digital asset firm TDX Strategies to operationalize its Bitcoin Treasury program, marking a major shift from planning to full-scale execution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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