Strategy Buys 21,021 Bitcoin With $2.52 Billion From Landmark IPO

Strategy has acquired 21,021 Bitcoin using proceeds from its $2.52 billion IPO of Series A Perpetual Stretch Preferred Stock (STRC), at an average price of $117,256 per coin. 

This latest purchase boosts the firm’s total Bitcoin holdings to 628,791 Bitcoin, valued at approximately $80 billion.

The offering, consisting of 28,011,111 shares priced at $90 each, is the largest U.S. IPO of 2025 and among the most significant equity raises tied to Bitcoin. 

Strategy raised $2.474 billion after expenses and allocated nearly the entire amount toward expanding its Bitcoin treasury without diluting common shareholders.

STRC is expected to debut on the Nasdaq Global Select Market around July 30th. 

The shares pay a monthly dividend at a 9% annualized variable rate and are structured to trade near their $100 par value. 

Notably, this marks the first perpetual preferred security listed on a U.S. exchange by a Bitcoin-focused treasury firm.

It is also the largest exchange-listed preferred stock issuance in over 15 years, tailored to attract investors seeking steady income through a short-duration, high-yield product. 

Strategy retains rights to redeem or repurchase shares and has included features such as dividend accrual and redemption options tied to tax treatment.

“Morgan Stanley, Barclays, Moelis & Company, and TD Securities acted as joint book-running managers,” the press release noted. 

“The Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and Maxim Group LLC served as co-managers.”

This news follows a prior announcement just one week ago, when Strategy disclosed a $740 million Bitcoin purchase totaling 6,220 Bitcoin.