Strategy buys 21K Bitcoin with 2025’s biggest public offering

Key Points

1. Strategy bought 21,021 Bitcoin at an average price of $117,256 per coin, increasing its total holdings to 628,791 BTC.

2. The company raised $2.5 billion by selling 28 million shares of Variable Rate Series A Perpetual Preferred Stock (STRC) at $90 each, exceeding its initial $500 million target.

3. This marks the largest US initial public offering in 2025 in terms of gross proceeds.

4. Strategy has used equity, debt, and other financial instruments like convertible and non-convertible shares to fund its Bitcoin purchases.

5. Shares of Strategy (MSTR) closed down 2.26% but rose 0.52% in after-hours trading to $396.7, with a year-to-date increase of 31.55%.