Strategy Doubles Down: 21,021 Bitcoin Acquired After Record $2.5B IPO for New “Stretch” Stock

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

— 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

— 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.

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Frequently Asked Questions (FAQ)

About Strategy's Bitcoin Acquisition

Q: How much Bitcoin did Strategy acquire in this latest offering? A: Strategy acquired 21,021 Bitcoin (BTC) through this offering. Q: What was the total amount raised in this IPO? A: The company raised $2.521 billion in this IPO. Q: What is the new stock called and what is its ticker symbol? A: The new stock is called Stretch Preferred Stock (STRC), and its ticker symbol is STRC. Q: What was the average price Strategy paid per Bitcoin? A: The average price paid was approximately $117,256 per Bitcoin. Q: What is the total number of Bitcoins Strategy now holds? A: Following this acquisition, Strategy now holds a total of 628,791 BTC. Q: What is the average purchase price for Strategy's total Bitcoin holdings? A: The average purchase price for their entire holdings is approximately $73,277 per Bitcoin. Q: What is the dividend rate for the STRC Series A shares? A: The STRC Series A shares carry a 9% dividend. Q: What makes the STRC offering significant in the market? A: It is the largest U.S. exchange-listed perpetual preferred stock offering since 2009 and the largest U.S. IPO of 2025.

Crypto Market AI's Take

Strategy's significant Bitcoin acquisition through its record-breaking IPO highlights the increasing institutional adoption of digital assets. Michael Saylor's persistent conviction in Bitcoin as a store of value, coupled with the introduction of innovative financial instruments like the Stretch Preferred Stock, signifies a maturing market. These moves are paving the way for a broader range of investors, including those seeking income, to participate in the crypto ecosystem. At Crypto Market AI, we continuously analyze such market trends to provide our users with insightful data and tools to navigate the evolving cryptocurrency landscape. Our AI-driven insights can help you understand the impact of these institutional plays on market volatility and potential future strategies.

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Originally published at cryptonews.com on July 29, 2025.