Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

Strategy Acquires 21,021 Bitcoin After $2.52 Billion IPO

Strategy, a prominent bitcoin corporate treasury company, recently made headlines with its announcement of the purchase of 21,021 BTC at an average price of $117,256. This acquisition was made possible using the proceeds from its successful $2.52 billion IPO of Series A Perpetual Stretch Preferred Stock (STRC). With this latest purchase, Strategy’s total bitcoin holdings now stand at an impressive 628,791 BTC, valued at approximately $80 billion.

The IPO, priced at $90 per share for a total of 28,011,111 shares, marks one of the largest US IPOs of 2025 and stands as one of the most significant bitcoin-related equity raises in recent memory. Strategy netted $2.474 billion after expenses and allocated almost all of it towards acquiring more bitcoin, continuing its aggressive accumulation strategy while ensuring common shareholders were not diluted in the process.

The stock is scheduled to commence trading on the Nasdaq Global Select Market on July 30 under the ticker symbol STRC. This unique stock features a variable 9% annual dividend, paid out monthly, and is designed to trade close to its $100 par value. It represents the first U.S. exchange-listed perpetual preferred security from a bitcoin treasury firm with a monthly dividend rate.

This issuance stands as the largest exchange-listed preferred stock offering since 2009 and introduces a short-duration, income-generating security that is expected to appeal to yield-focused investors. Strategy has also retained redemption and repurchase rights, in addition to providing investor protections such as dividend accrual and tax-related redemption options.

“Morgan Stanley, Barclays, Moelis & Company, and TD Securities served as joint book-running managers for the IPO,” stated the press release. “Other firms, including The Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and Maxim Group LLC, acted as co-managers.”

Just a week prior to this milestone, Strategy made a $740 million bitcoin purchase, acquiring 6,220 BTC and further bolstering its already impressive holdings. Analysts from TD Cowen have projected that the company could potentially acquire an additional 17,000 BTC over the next decade through its innovative 42/42 program, which aims to raise $84 billion for bitcoin purchases by 2027.