Strategy buys nearly $2.5B worth of Bitcoin to make up 62% of total BTC in treasuries

Strategy closed a $2.521 cardinal archetypal nationalist offering of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and instantly utilized the proceeds to grow its Bitcoin (BTC) reserve. 

The institution said it purchased 21,021 BTC astatine an mean $117,256 apiece, lifting holdings to astir 628,791 BTC arsenic of July 29. The aggregate outgo ground present stands adjacent $46.8 billion, astir $73,227 per BTC.

According to Bitcoin Treasuries data, Strategy present accounts for 62.3% of the full Bitcoin held by publically listed companies.

STRC is priced astatine $90 per stock for 28,011,111 shares and is expected to statesman trading connected the Nasdaq Global Select Market astir July 30. 

Strategy’s nett proceeds from the offering amounted to astir $2.474 cardinal aft underwriting and expenses and helped money the firm’s latest Bitcoin acquisition. 

STRC launches tomorrow

Strategy framed the STRC woody arsenic a financing milestone, being the largest US archetypal nationalist offering (IPO) of 2025 to day by gross proceeds and the astir extended exchange‑listed perpetual preferred offering since 2009. 

Once listed, STRC volition beryllium the archetypal US exchange-listed perpetual preferred information issued by a Bitcoin Treasury Company to wage monthly dividends and the archetypal to follow a board-determined monthly dividend-rate policy, the institution believes. 

The information besides introduces a short‑duration, income‑oriented instrumentality to Strategy’s preferred‑stock lineup, aimed astatine attracting income‑focused investors. 

Underwriters included Morgan Stanley, Barclays, Moelis & Company, and TD Securities arsenic associated bookrunners, with The Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and Maxim Group arsenic co‑managers. 

The offering was sold via an effectual support registration with a last prospectus supplement disposable via the SEC. The transaction advances Strategy’s balance‑sheet exemplary of raising superior successful nationalist markets and converting it into further Bitcoin reserves.

A caller offering

Stretch is the 4th offering from Strategy this year. The steadfast announced Strike (STRK) connected March 9, offering a fixed 8% dividend, with the institution mounting up a $21 cardinal at-the-market (ATM) program.

On March 17, Strategy announced a 2nd offering with a fixed 10% dividend, called Strife (STRF). The institution established a $2.1 cardinal ATM programme for ongoing issuance.

The past 1 earlier the STRC offering is Stride (STRD), an IPO priced astatine $85 for 11,764,700 shares. A $4.2 cardinal ATM programme aboriginal supplemented the offering and fixed a 10% coupon.

The station Strategy buys astir $2.5B worthy of Bitcoin to marque up 62% of full BTC successful treasuries appeared archetypal connected CryptoSlate.