- Strategy purchased 21,021 Bitcoin using $2.5 billion raised from the sale of STRC shares.
- STRC’s IPO is the largest of 2025 and offers a monthly dividend of 9%.
- The strategy now holds 628,791 BTC, valued at nearly $74 billion.
In a bold continuation of its aggressive Bitcoin (BTC) accumulation strategy, Michael Saylor’s Strategy Inc. has acquired 21,021 Bitcoin after completing what has become the largest initial public offering (IPO) in the United States in 2025.
The company, formerly known as MicroStrategy, announced on July 29 that it completed the large purchase using proceeds from its latest issuance of preferred shares.
This significant move comes amid a relatively volatile Bitcoin market and further cements Strategy’s position as the largest publicly traded corporate holder of the cryptocurrency.
Michael Saylor’s record-breaking IPO
Strategy raised an impressive $2.5 billion through the public sale of new perpetual variable-rate Series A preferred shares, designated STRC.
The shares were offered at $90 per share, far exceeding the company’s initial fundraising target of $500 million.
According to the company’s press release, strong investor demand allowed Strategy to quintuple its original goal.
With the offering successfully closed, Strategy quickly deployed $2.46 billion of the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per coin.
This acquisition is the company’s largest Bitcoin purchase since March 31 and brings its total holdings to 628,791 BTC, now valued at nearly $74 billion.
STRC to begin trading on Nasdaq
The newly issued STRC preferred shares are expected to begin trading on the Nasdaq Global Select Market on July 30.
Strategy describes STRC as the first publicly listed perpetual preferred share from a corporate Bitcoin treasury offering board-adjusted monthly dividends for income-focused investors.
The initial dividend rate has been set at 9%.
STRC is the latest in a series of financial instruments Strategy has created to support its Bitcoin acquisition plan.
Prior offerings include STRK (Strike), a convertible share with an 8% fixed dividend; STRF (Strife), a non-convertible preferred share with a 10% cumulative yield; and STRD (Stride), which provides a 10% non-cumulative dividend.
Taken together, these products reflect the company’s broader approach of leveraging capital markets to fund continued Bitcoin purchases.
Timing the dip — Saylor doubles down
Notably, Strategy’s Bitcoin purchase occurs while the cryptocurrency trades below its all-time high.
Bitcoin reached a record of $123,091.61 on July 14, but has since traded in the roughly $117,000–$119,000 range.
Strategy’s move is widely viewed as an effort to capitalize on the pullback, with many analysts calling it one of the largest “buy-the-dip” transactions in crypto history.
Michael Saylor, executive chairman and co-founder of Strategy, remains one of Bitcoin’s most vocal proponents.
Saylor has previously stated his belief that Bitcoin could reach $13 million per coin by 2045.
His continued conviction in the digital asset, despite short-term volatility, is evident in the scale and timing of this latest acquisition.