Strategy, the publicly traded firm known for its aggressive Bitcoin investment model, has announced a major purchase of 21,021 BTC.
Notably, this massive acquisition followed a record-breaking $2.5 billion stock offering. This latest acquisition increases the company’s total Bitcoin holdings to 628,791 BTC, cementing its position as the largest corporate holder of the cryptocurrency.
Record-Breaking IPO Fuels Latest Bitcoin Buy
For context, the purchase was funded through Strategy’s fourth preferred stock offering, STRC, or Variable Rate Series A Perpetual Preferred Stock, which raised $2.5 billion by selling 28 million shares at $90 each.
The IPO, initially targeted at $500 million, was significantly upsized in response to strong investor demand. Consequently, it now stands as the largest initial public offering in the U.S. for 2025.
This milestone deal surpasses other major offerings this year, including stablecoin issuer Circle’s $1 billion public debut in June.
Bitcoin Strategy Yields 25% in 2025
The newly acquired BTC came at an average price of $117,256 per coin. Considering the company’s historical acquisitions, its average BTC buy price now stands at $73,277. As of July 29, the firm has invested approximately $46.08 billion in Bitcoin. Notably, Strategy reported a 25% year-to-date yield on its BTC holdings.
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
STRC Set to Trade on Nasdaq
STRC, the perpetual preferred stock used to fund this latest purchase, will begin trading on Nasdaq this Wednesday. It marks the first such instrument from a Bitcoin treasury company to list on a traditional U.S. exchange. The stock will offer monthly board-adjusted dividends to attract income-focused investors.
The Michael Saylor-led company has previously launched similar financial instruments, including STRK (Strike), which offers an 8% fixed dividend. Other offerings include STRF (Strife), a non-convertible instrument with a 10% cumulative yield, and STRD (Stride), which provides a 10% non-cumulative dividend.
These financial tools are part of Strategy’s long-standing approach of leveraging debt and equity to build its Bitcoin portfolio.
Share Performance Ahead of Earnings Report
Notably, Strategy’s stock (MSTR) closed Tuesday down 2.26%. However, it recovered slightly in after-hours trading, rising 0.40% to $396.25, according to Google Finance. So far in 2025, MSTR shares have climbed 31.55%, following an exceptional 358.55% gain in 2024.
The company will release its second-quarter earnings report on Thursday, which will provide insight into the financial impact of its recent fundraising efforts and Bitcoin acquisitions.