Michael Saylor’s company, Strategy, has made headlines once again with a massive Bitcoin acquisition — adding 21,021 BTC to its holdings after securing $2.5 billion through its fourth preferred stock offering, known as STRC. The raise now stands as the biggest initial public offering in the U.S. for 2025 to date.
As of the announcement on Tuesday, Strategy revealed the Bitcoin was purchased at an average price of $117,256 per coin, increasing the company’s total Bitcoin treasury to 628,791 BTC. According to BitcoinTreasuries.NET, this is Strategy’s largest single purchase since March 31.
The firm, previously operating under the name MicroStrategy, sold 28 million shares of its Variable Rate Series A Perpetual Preferred Stock (STRC) at $90 per share. The deal, originally targeting $500 million, was significantly upsized due to investor demand.
Strategy’s offering surpassed the $1 billion IPO by Circle Internet Group — the stablecoin issuer that went public in June — making it the top-grossing IPO in the U.S. this year so far.
This move aligns with Strategy’s long-term playbook of using various financial instruments to expand its Bitcoin reserves. Over the years, it has utilized a mix of equity offerings, corporate debt, and convertible securities to fund BTC purchases. Its model has inspired over 160 publicly listed companies to add digital assets to their balance sheets.
STRC Heads to Nasdaq
According to Strategy, STRC is scheduled to begin trading on the Nasdaq on Wednesday. It will become the first perpetual preferred stock listed by a U.S. Bitcoin-holding firm, offering monthly dividends adjusted by the board — a product aimed at income-seeking investors.
STRC joins Strategy’s suite of innovative preferred stock offerings, which also includes:
- STRK (Strike) – a convertible preferred stock offering an 8% fixed dividend,
- STRF (Strife) – non-convertible with a 10% cumulative yield,
- STRD (Stride) – paying a 10% non-cumulative dividend.
Stock Performance Remains Stable
Strategy’s common stock (MSTR) ended Tuesday’s trading session down 2.26%, but showed slight upward movement in after-hours trading, rising 0.52% to $396.70, per Google Finance.
Year-to-date, MSTR has gained 31.55% — a slower pace compared to its explosive 358.55% rise in 2024.
This latest Bitcoin purchase comes just ahead of Strategy’s Q2 earnings release on Thursday, which will offer further insights into the company’s financial strategy and Bitcoin-related moves through the first half of the year.
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