- Strategy adds 21,021 BTC for $2.46B using IPO proceeds from STRC preferred stock offering
- Total holdings rise to 628,791 BTC worth $80B with a 2025 yield of 25 percent year-to-date
- STRC IPO raises $2.52B and becomes the largest US offering of 2025 and since 2009
Strategy, the leading bitcoin treasury firm, has announced the purchase of 21,021 BTC using proceeds from its recent $2.52 billion public offering. The acquisition was completed at an average price of $117,256 per bitcoin. Strategy used approximately $2.474 billion of the net proceeds for this transaction, increasing its total bitcoin holdings to 628,791 BTC.
The company raised the capital through its Series A Perpetual Stretch Preferred Stock (STRC), pricing 28,011,111 shares at $90 each. The preferred shares will begin trading on the Nasdaq Global Select Market under the ticker STRC starting July 30, 2025. This offering marks the largest U.S. IPO of the year and is the biggest exchange-listed preferred stock issuance since 2009.
Bitcoin Treasury Strategy and Financial Performance
With this purchase, Strategy’s cumulative investment in bitcoin now stands at approximately $46.08 billion. The company’s average acquisition cost across all holdings is $73,277 per bitcoin. According to public statements, Strategy has achieved a 25.0% year-to-date return on its bitcoin portfolio as of July 29, 2025.
Strategy’s aggressive accumulation strategy continues to position it as the largest corporate holder of bitcoin globally. The firm previously acquired 6,220 BTC for $740 million just one week before the latest purchase. Its 42/42 program aims to raise $84 billion by 2027 to acquire additional BTC.
Market Reactions and Institutional Trends
Despite continued bitcoin accumulation by Strategy and other entities, BTC/USD prices have remained below $120,000. This has occurred amid market anticipation of U.S. Federal Reserve announcements. On-chain data shows increased activity from whale investors, suggesting confidence in long-term price action.
The STRC shares will offer a variable 9% annual dividend, paid monthly. Designed to appeal to income-focused investors, the instrument introduces a new class of bitcoin-linked securities. Strategy worked with firms including Morgan Stanley and Barclays to manage the offering.
