- Strategy bought 21,021 Bitcoin using $2.5 billion from the STRC stock offering.
- The STRC IPO is 2025’s largest and offers a 9% monthly dividend.
- 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. acquired 21,021 Bitcoin after completing what is now the largest initial public offering (IPO) in the United States in 2025.
The company, formerly known as MicroStrategy, announced on July 29 that it used proceeds from its latest preferred stock offering to fund the substantial purchase.
This landmark move comes amid a relatively volatile Bitcoin market and further cements Strategy’s dominance as the largest publicly traded corporate holder of the cryptocurrency.
Michael Saylor’s Strategy completes record IPO
Strategy raised a staggering $2.5 billion through the public sale of its new Variable Rate Series A Perpetual Preferred Stock, designated STRC.
The shares were priced at $90 each, far exceeding the company’s original fundraising target of $500 million.
According to the company’s press release, strong investor demand allowed Strategy to quintuple its initial target.
After the offering closed successfully, Strategy promptly deployed $2.46 billion of the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per coin.
This purchase marks the company’s largest Bitcoin acquisition since March 31 and increases its total holdings to 628,791 BTC — now valued at nearly $74 billion.
STRC begins 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 traded perpetual preferred security from a Bitcoin finance company that offers a board-adjusted, monthly dividend for income-focused investors.
The initial dividend rate is set at 9%.
STRC is the latest in a series of financial instruments created by Strategy to support its Bitcoin acquisition strategy.
Previous offerings include STRK (Strike), a convertible share with an 8% fixed dividend; STRF (Strife), a non-convertible preferred with a 10% cumulative dividend; and STRD (Stride), which offers a 10% non-cumulative dividend.
Taken together, these products reflect the company’s broader approach to turning capital markets into a funding engine for Bitcoin purchases.
Timing the dip — Saylor doubles down
Notably, Strategy’s Bitcoin purchase came at a time when the cryptocurrency is trading below its all-time high.
Bitcoin reached a record high of $123,091.61 on July 14, but has since traded in the $117,000–$119,000 range.
Strategy’s move is widely seen as an effort to capitalize on the pullback, with many analysts calling it one of the largest “buy-the-dip” actions in crypto history.
Michael Saylor, Strategy’s executive chairman and co-founder, remains one of Bitcoin’s most vocal advocates.
Saylor has previously stated his long-term belief that Bitcoin could reach $13 million per coin by 2045.
His continued confidence in the digital asset, despite short-term volatility, is evident in the size and timing of this latest acquisition.