Strategy, a leading Bitcoin Corporate Trading Company, announced it has purchased 21,021 BTC at an average price of $117,256 using revenue from Series A Perpetual Stretch Preferred Stock (STRC) of $2.52 billion IPO. The acquisition brings the total strategy holdings to 628,791 BTC, worth around $80 billion.
Priced at $90 per share for 28,011,111 shares, the offering is the largest US IPO in 2025 and one of the largest Bitcoin-related stocks in recent history. The strategy won $2.474 billion after the cost, using almost everything to buy Bitcoin and continuing its aggressive accumulation strategy without diluting ordinary shareholders.
The shares are set to begin trading on the NASDAQ Global Select Market around July 30th. The stock has an annual dividend of 9% fluctuations paid each month and is designed to trade near a face value of $100. This is the permanent priority security of the first US exchange listing from a Bitcoin financing company with a monthly dividend rate.
It is the largest exchange-registered preferred stock issue since 2009, and introduces short-term income-generating security designed to appeal to yield-focused investors. The strategy also maintains the right to redemption and repurchase, along with investor protection, such as dividend accrual and tax-related redemption options.
“Morgan Stanley, Barclays, Moelis & Company and TD Securities acted as co-book running managers,” the press release said. “Benchmark Company, Clear Street, Amerivet Securities, Bancroft Capital, Keefe, Bruyette & Woods and Maxim Group LLC were co-managers.”
Just a week ago, the strategy disclosed a $740 million Bitcoin purchase of 6,220 BTC, pushing its total holdings well beyond 600,000 BTC. Analysts on the TD Cowen project will be able to acquire an additional 17,000 BTC over the next decade under the 42/42 program aimed at raising $84 billion for Bitcoin purchases by 2027.
