TLDR
- Strategy (MSTR) bought 21,021 Bitcoin worth $2.4 billion using proceeds from preferred stock sale
- The company raised $2.5 billion through STRC preferred stock offering, far exceeding initial $500 million target
- Strategy now holds 628,791 Bitcoin valued at nearly $74 billion at current prices
- STRC stock begins trading on Nasdaq Wednesday with 9% dividend rate for investors
- This represents the largest US initial public offering of 2025 by gross proceeds
Strategy purchased 21,021 Bitcoin worth approximately $2.4 billion using funds from its latest preferred stock offering. The company raised $2.5 billion through its new STRC preferred shares, making it the largest US initial public offering of 2025.
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 https://t.co/PEQQGfvkYe
— Michael Saylor (@saylor) July 29, 2025
The Bitcoin purchase was made at an average price of $117,256 per coin according to the company’s press release. This brings Strategy’s total Bitcoin holdings to 628,791 BTC, valued at nearly $74 billion at current market prices.
Strategy originally planned to raise $500 million through the preferred stock sale. The final amount of $2.5 billion represents a five-fold increase from the initial target, showing strong investor demand for the offering.
The company sold 28 million shares of Variable Rate Series A Perpetual Preferred Stock at $90 each. These STRC shares, also called “stretch,” are designed to pay regular dividends to investors at an initial rate of 9%.
STRC Trading Begins Wednesday
STRC shares will start trading on the Nasdaq exchange on Wednesday. Strategy describes it as the first US exchange-listed perpetual preferred security issued by a Bitcoin treasury company to pay monthly dividends.
The preferred stock targets income-focused investors with board-adjusted dividend payments. This represents Strategy’s fourth preferred stock offering used to finance Bitcoin purchases.
Strategy has previously issued other preferred stock series including Strike (STRK), Strife (STRF), and Stride (STRD). These offerings have different dividend structures and conversion features to attract various types of investors.
The company has used multiple financial instruments to fund its Bitcoin acquisitions. These include equity sales, debt issuances, and convertible notes as part of its broader Bitcoin accumulation strategy.
Impact on Public Companies
Strategy’s approach has influenced other publicly traded companies to add cryptocurrency to their balance sheets. At least 160 public companies now hold some form of cryptocurrency according to industry data.
The latest Bitcoin purchase represents Strategy’s largest acquisition since March 31, 2025. The company maintains its position as the largest corporate holder of Bitcoin among public companies.
Strategy shares closed Tuesday trading down 2.26% at regular market prices. After-hours trading showed minimal movement with shares rising 0.52% to $396.70 following the Bitcoin purchase announcement.
The stock has gained 31.55% year-to-date in 2025. This follows a much larger 358.55% increase in 2024 when Bitcoin prices surged throughout the year.
Strategy’s second-quarter earnings report is scheduled for Thursday. The report will show how the company’s capital raises and Bitcoin purchases through June 30 affected its financial position.
