Person holding smartphone with logo of MicroStrategy Inc. on screen in front of website. Source: Timon - stock.adobe.com

Key Takeaways:

Strategy acquired 21,021 Bitcoin at $117,256 per coin following a $2.5B IPO, the largest in the U.S. this year.
The firm now holds 628,791 BTC, continuing its aggressive capital markets strategy to accumulate Bitcoin.
Strategy’s new STRC shares mark the first U.S.-listed perpetual preferred security from a Bitcoin treasury company.

Strategy, formerly known as MicroStrategy, has acquired 21,021 Bitcoin after raising $2.5 billion through a preferred stock offering, STRC – the largest U.S. IPO of 2025.

The BTC was purchased at an average price of $117,256 per coin, bringing the company’s total holdings to 628,791 BTC.

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 per bitcoin. $MSTR $STRK $STRF $STRD $STRC https://t.co/PEQQGfvkYe
— Michael Saylor (@saylor) July 29, 2025

The IPO, initially targeted at $500 million, was significantly upsized, surpassing Circle’s $1 billion debut earlier this year.

STRC, which will trade on Nasdaq, is the first U.S.-listed perpetual preferred security from a Bitcoin treasury firm and offers monthly board-adjusted dividends.

This move continues Strategy’s capital market-driven Bitcoin accumulation strategy, which has influenced over 160 publicly traded firms to adopt digital assets.

Other key funding instruments include STRK (8% fixed dividend), STRF (10% cumulative yield), and STRD (10% non-cumulative dividend), helping Strategy raise $4.8 billion in 2025 through BTC-backed IPOs.

Despite a 2.26% drop in Strategy’s stock (MSTR) during regular trading on Tuesday, it remains up 31.55% year-to-date.

The company is set to report Q2 earnings on Thursday, which may offer deeper insights into the financial impact of its latest capital raises and Bitcoin acquisitions.