Strategy, the Bitcoin-focused firm co-founded by Michael Saylor, just made its biggest Bitcoin purchase of 2025, powered by the largest U.S. IPO of the year.
The Bitcoin-focused firm, formerly known as MicroStrategy, bought 21,021 BTC for $2.47 billion at an average price of $117,256, according to Saylor’s announcement on X. This brings Strategy’s total holdings to 628,791 BTC, maintaining its position as the largest corporate Bitcoin holder globally.
Record-Breaking IPO Funds Bitcoin Strategy
According to Strategy’s press release, to fund the move, Strategy raised $2.5 billion via its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) pffering, selling 28 million shares at $90 each. Initially aimed at $500 million, the IPO was upsized fivefold due to massive investor demand.
The STRC offering represents 2025’s biggest U.S. IPO, beating Circle’s $1B June debut. STRC will begin trading on the Nasdaq Global Select Market under the ticker “STRC” on July 30. It also marks the first perpetual preferred stock from a Bitcoin treasury firm, offering monthly board-adjusted dividends to income-seeking investors.
Corporate Bitcoin Leadership Continues
Strategy began its Bitcoin pivot in August 2020, transforming itself from a business software firm into the face of corporate crypto adoption. Since then, over 160 public companies have followed its lead.
According to Google Finance data, MSTR shares closed Tuesday down 2.26% at $394.64, then rose 0.52% after hours. Q2 earnings will be released on Thursday, July 31.
With Bitcoin trading near $118K and institutional interest surging, analysts say Strategy’s bold bet could be a spark for a Q3 rally, especially as ETFs and macro tailwinds push BTC back toward all-time highs.
Also Read: Strategy Boosts Bitcoin Chest with $2B Preferred Stock Sale
