Strategy Doubles Down: 21,021 Bitcoin Acquired After Record $2.5B IPO for New “Stretch” Stock

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.