Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each

Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each

Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, has completed a $2.52 billion initial public offering (IPO) of its STRC preferred stock and used the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per BTC, the company announced July 29. The STRC stock offering, the largest U.S. IPO of 2025 to date, involved 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock, priced at $90 per share. The stock is set to begin trading on the Nasdaq Global Sel

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Strategy (formerly MicroStrategy) just pulled off a $2.52 billion IPO of 28 million STRC preferred shares at $90 each—2025’s biggest U.S. IPO so far—and immediately plowed the $2.474 billion net proceeds into 21,021 BTC (avg. ~$117,256 apiece). That haul lifts its total Bitcoin stash to 628,791 BTC (avg. cost ~$73,227, $46.8 billion spent) and STRC starts trading on Nasdaq July 30 under the ticker “STRC.”

This STRC deal is a first-of-its-kind U.S. perpetual preferred security from a Bitcoin treasury company, offering monthly board-set dividends and a short-duration, income-oriented structure for yield hunters. Led by Morgan Stanley, Barclays, Moelis & Company and TD Securities, Strategy now sports four Nasdaq tickers (MSTR, STRK, STRF, STRD) as it keeps issuing equity, debt and structured products to fund its Bitcoin buys.