Strategy Buys BTC 21,021 BTC 2025’s Largest U.S. Public Offering

Strategy Acquires 21,021 BTC After $2.5B IPO — 2025’s Largest U.S. Public Offering

Strategy Buys BTC, formerly known as MicroStrategy, has purchased 21,021 Bitcoin (BTC) following a $2.5 billion capital raise through its fourth preferred stock offering — STRC. This marks the largest initial public offering (IPO) in the United States in 2025 so far.

The company, led by Michael Saylor, revealed the buy in a Tuesday statement. Strategy acquired the BTC at an average price of $117,256 per coin, bringing its total holdings to 628,791 BTC. It’s the company’s biggest Bitcoin purchase since March 31, according to BitcoinTreasuries.NET.

The firm sold 28 million STRC shares at $90 each, significantly exceeding its original $500 million goal. The success of the offering positions STRC as the top IPO by gross proceeds this year, ahead of stablecoin issuer Circle’s $1 billion offering in June.

Strategy has long used financial instruments — including equity, debt, and convertible notes — to fund its Bitcoin accumulation. Its aggressive strategy has influenced more than 160 public companies to add crypto to their balance sheets.

📈 STRC Set to Launch on Nasdaq

STRC is scheduled to start trading on the Nasdaq on Wednesday. It will be the first U.S.-listed perpetual preferred stock from a Bitcoin treasury company that pays monthly, board-adjusted dividends, targeting income-focused investors.

The STRC offering joins Strategy’s previous instruments:

STRK (Strike): Convertible shares with an 8% fixed dividend
STRF (Strife): Non-convertible shares offering a 10% cumulative yield
STRD (Stride): Pays a 10% non-cumulative dividend

📉 MSTR Holds Steady After Hours

Shares of Strategy (MSTR) closed Tuesday down 2.26%, ending the day at $394.63. After-hours, the stock rose slightly by 0.52% to $396.70, according to Google Finance.

Despite the muted reaction, MSTR is up 31.55% year-to-date, though that growth trails its impressive 358.55% gain in 2024.

The latest Bitcoin purchase comes just days ahead of the company’s Q2 earnings report, due Thursday. Investors will be watching closely to assess how recent capital raises and BTC buys have impacted Strategy’s balance sheet.