Strategy Doubles Down: 21,021 Bitcoin Acquired After Record $2.5B IPO for New “Stretch” Stock
Main Idea
Michael Saylor's Strategy (formerly MicroStrategy) raised $2.5 billion through a record IPO to acquire 21,021 Bitcoin, reinforcing its position as a major corporate holder of BTC.
Key Points
1. Strategy raised $2.521 billion via the public sale of its Stretch Preferred Stock (STRC) to purchase 21,021 BTC at an average price of $117,256 per coin.
2. The IPO is the largest U.S. exchange-listed perpetual preferred stock offering since 2009 and the largest U.S. IPO of 2025.
3. Following this purchase, Strategy now holds 628,791 BTC, acquired at a total cost of $46.8 billion with an average purchase price of $73,227 per BTC.
4. The firm has consistently funded Bitcoin accumulation through new debt or equity issuances, reflecting Saylor's long-term conviction in Bitcoin as 'digital property'.
5. The offering initially targeted $500 million but expanded to $2.5 billion due to strong institutional demand.
Description
Michael Saylor’s Bitcoin powerhouse, Strategy (formerly MicroStrategy), has officially closed the largest U.S. IPO of 2025, raising $2.521 billion through the public sale of its newly launched Stretch Preferred Stock (STRC) to acquire 21,021 Bitcoin (BTC) at an average price of $117,256 per coin. Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC acquired for ~$46.08 billion at ~$73,277 ...
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