Enterprise software firm MicroStrategy has concluded a groundbreaking $2.52 billion Initial Public Offering (IPO) under its Strategic Acquisition of Cryptocurrencies (STRAC) program.
Proceeds from the offering facilitated the purchase of 21,021 Bitcoins at an average price of $117,256 per cryptocurrency unit. This acquisition significantly expands the company’s corporate treasury holdings amid ongoing institutional adoption of digital assets.
The transaction underscores MicroStrategy’s continued commitment to cryptocurrency accumulation as a core treasury strategy. This marks one of the largest single Bitcoin acquisitions by a publicly traded company to date, reinforcing institutional confidence in the digital asset class.