Michael Saylor’s Bitcoin powerhouse, Strategy (formerly MicroStrategy), has officially closed the largest U.S. IPO of 2025, raising $2.521 billion through the public sale of its newly launched Stretch Preferred Stock (STRC) to acquire 21,021 Bitcoin (BTC) at an average price of $117,256 per coin. 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 historic capital raise was achieved through the sale of 28,011,111 shares of Variable-Rate Series A Perpetual Stretch Preferred Stock at $90 per share, resulting in net proceeds of approximately $2.474 billion after deducting fees. According to Strategy’s official announcement , STRC is expected to begin trading on the Nasdaq Global Select Market on or about July 30, 2025, under the ticker STRC. Strategy STRC Offering: From $500M Pitch to $2.5B BTC Juggernaut Initially marketed as a $500 million raise just last week , Strategy’s offering quickly ballooned amid institutional interest. The STRC Series A shares carry a 9% dividend and represent the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin treasury company with a board-determined monthly dividend rate policy. 🚀 Michael Saylor’s @MicroStrategy has expanded its preferred equity sale to $2B from $500M to acquire more Bitcoin. #Strategy #Bitcoin #MicroStrategy https://t.co/E0t1v4QWC1 — Cryptonews.com (@cryptonews) July 24, 2025 This is also the largest U.S. exchange-listed perpetual preferred stock offering since 2009 and the largest U.S. IPO of 2025, based on gross proceeds. Following this purchase, Strategy now holds 628,791 BTC, acquired at a total cost of $46.8 billion with an average purchase price of $73,227 per BTC, including fees. The firm has consistently led corporate BTC adoption, often issuing new debt or equity to fund continued accumulation. Source: Strategy This latest haul, powered by the Stretch offering, reaffirms Saylor’s long-term conviction in Bitcoin as “digital property,” while also introducing a new financial instrument designed to attract income-focused investors to the crypto ecosystem. Between July 14 and July 20, Strategy raised $740.3 million across four classes of securities, including common stock and various preferred shares. These offerings fall under large multibillion-dollar issuance programs, some authorized for as much as $21 billion per class, showing Saylor’s continued ability to systematically convert equity into long-term Bitcoin reserves at an institutional scale.Michael Saylor’s Bitcoin powerhouse, Strategy (formerly MicroStrategy), has officially closed the largest U.S. IPO of 2025, raising $2.521 billion through the public sale of its newly launched Stretch Preferred Stock (STRC) to acquire 21,021 Bitcoin (BTC) at an average price of $117,256 per coin. 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 historic capital raise was achieved through the sale of 28,011,111 shares of Variable-Rate Series A Perpetual Stretch Preferred Stock at $90 per share, resulting in net proceeds of approximately $2.474 billion after deducting fees. According to Strategy’s official announcement , STRC is expected to begin trading on the Nasdaq Global Select Market on or about July 30, 2025, under the ticker STRC. Strategy STRC Offering: From $500M Pitch to $2.5B BTC Juggernaut Initially marketed as a $500 million raise just last week , Strategy’s offering quickly ballooned amid institutional interest. The STRC Series A shares carry a 9% dividend and represent the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin treasury company with a board-determined monthly dividend rate policy. 🚀 Michael Saylor’s @MicroStrategy has expanded its preferred equity sale to $2B from $500M to acquire more Bitcoin. #Strategy #Bitcoin #MicroStrategy https://t.co/E0t1v4QWC1 — Cryptonews.com (@cryptonews) July 24, 2025 This is also the largest U.S. exchange-listed perpetual preferred stock offering since 2009 and the largest U.S. IPO of 2025, based on gross proceeds. Following this purchase, Strategy now holds 628,791 BTC, acquired at a total cost of $46.8 billion with an average purchase price of $73,227 per BTC, including fees. The firm has consistently led corporate BTC adoption, often issuing new debt or equity to fund continued accumulation. Source: Strategy This latest haul, powered by the Stretch offering, reaffirms Saylor’s long-term conviction in Bitcoin as “digital property,” while also introducing a new financial instrument designed to attract income-focused investors to the crypto ecosystem. Between July 14 and July 20, Strategy raised $740.3 million across four classes of securities, including common stock and various preferred shares. These offerings fall under large multibillion-dollar issuance programs, some authorized for as much as $21 billion per class, showing Saylor’s continued ability to systematically convert equity into long-term Bitcoin reserves at an institutional scale.