Strategy buys 21K Bitcoin with 2025’s biggest public offering

Michael Saylor’s Strategy says it bought 21,021 Bitcoin aft raising $2.5 cardinal from its 4th preferred banal — STRC — making it the largest US archetypal nationalist offering successful 2025 truthful far.

Strategy, which has the largest Bitcoin (BTC) holdings among nationalist companies, said connected Tuesday that its latest bargain was astatine an mean acquisition terms of $117,256 per coin, bringing its full stash to 628,791 BTC. The acquisition was the firm’s largest since March 31, BitcoinTreasuries.NET data shows.

The institution formerly known arsenic MicroStrategy raised $2.5 cardinal by selling 28 cardinal shares of Variable Rate Series A Perpetual Preferred Stock (STRC) for $90 each, which was upsized from an archetypal extremity of $500 million.

Strategy marked it arsenic the largest IPO successful the US successful 2025 successful presumption of gross proceeds. The woody was much than doubly arsenic ample arsenic the much-anticipated $1 cardinal IPO for stablecoin issuer Circle Internet Group, which went nationalist successful June.

Source: Michael Saylor

It’s Strategy’s latest usage of its program to usage fiscal products to bargain Bitcoin. The steadfast has utilized equity, indebtedness and convertible notes to money its Bitcoin purchases, which has influenced astatine slightest 160 publically traded companies to present see cryptocurrency connected their balance sheets.

STRC is Nasdaq-bound

Strategy said STRC is acceptable to commencement trading connected the Nasdaq connected Wednesday, positioning it arsenic the archetypal US exchange-listed perpetual preferred information issued by a Bitcoin treasury institution to wage monthly, board-adjusted dividends aimed astatine income-focused investors.

STRC is the latest successful Strategy’s bid of perpetual preferred offerings utilized to concern its Bitcoin buys. 

Others see Strike (STRK), a convertible stock with an 8% fixed dividend; Strife (STRF), non-convertible with a 10% cumulative yield; and Stride (STRD), which pays a 10% non-cumulative dividend.

Source: Strategy

Related: SEC approves in-kind creations and redemptions for crypto ETPs

MSTR level aft the bell

Shares successful Strategy (MSTR) closed trading connected Tuesday down 2.26% and saw small question aft the doorbell pursuing the firm’s announcement of its latest Bitcoin purchase, rising 0.52% after-hours to $396.7, Google Finance data shows.

MSTR is present up 31.55% truthful acold this twelvemonth — a humble summation from 2024 erstwhile the company’s shares roseate 358.55%.

Strategy’s latest acquisition comes 2 days up of its second-quarter net study connected Thursday, which volition amusement however the firm’s superior raises and Bitcoin purchases up until June 30 impacted its equilibrium sheet.

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