Strategy Tops IPO Charts in 2025 With $2.52B Raise—More Bitcoin Bought
Main Idea
Strategy conducted the largest US IPO of 2025, raising $2.52 billion to acquire Bitcoin, with shares set to trade on Nasdaq under the ticker 'STRC'.
Key Points
1. Strategy's IPO involved 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at $90 per share, generating $2.52 billion in gross proceeds.
2. Net proceeds from the IPO were approximately $2.47 billion, used to purchase 21,021 BTC at an average price of $117,256 per bitcoin.
3. As of July 29, Strategy holds 628,791 BTC.
4. The shares are expected to begin trading on Nasdaq around July 30 under the ticker 'STRC'.
5. Morgan Stanley, Barclays, Moelis & Company, and TD Securities acted as joint book-running managers for the offering.
Description
Strategy, a publicly traded company, has announced the successful closing of its initial public offering (IPO) of 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at a public offering price of $90 per share. The offering generated gross proceeds of approximately $2.52 billion, making it the largest US IPO of 2025. After underwriting discounts, commissions, and estimated expenses, Strategy expects net proceeds of around $2.47 billion. The company used the funds...
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