Strategy, a prominent company, has significantly expanded its Bitcoin portfolio by successfully completing a $2.52 billion Initial Public Offering (IPO) of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The proceeds from this offering, which notably exceeded its initial $500 million target due to strong institutional demand, were immediately used to acquire 21,021 Bitcoin at an average price of $117,256 per coin.
This substantial purchase increases Strategy's total Bitcoin holdings to an impressive 628,791 BTC, acquired at an average cost of $73,277 per Bitcoin, totaling approximately $46.08 billion. The company has reported a 25% Bitcoin yield year-to-date in 2025, demonstrating the effectiveness of its accumulation strategy. This move solidifies Strategy's position as the largest corporate Bitcoin holder, having raised a remarkable $4.8 billion through Bitcoin-backed IPOs in 2025 alone.
The newly issued STRC preferred stock, priced at $90 per share, offers an initial 9% annual dividend rate and provides investors with certain protections, including a variable liquidation preference and repurchase rights under specific "fundamental change" events.
This highly successful offering underscores the continued institutional appetite for Bitcoin exposure via traditional equity markets, further cementing Strategy's influence on other public companies adopting similar Bitcoin accumulation models. Major financial institutions like Morgan Stanley and Barclays managed the offering.
July 2025, Cryptoniteuae