Strategy (Nasdaq: MSTR/STRK/STRF/STRD) closed its initial public offering (IPO) of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (“STRC”) at $90 per share, raising approximately $2.521 billion.
21,021 Bitcoin Added to Strategy's Treasury Following IPO
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Estimated net proceeds totaled $2.474 billion after underwriting costs and expenses. The company used the net proceeds to acquire 21,021 bitcoins at an average price of approximately $117,256 per bitcoin. This brings Strategy’s total bitcoin holdings to approximately 628,791 bitcoins as of July 29, 2025. Those aggregate holdings were acquired for approximately $46.8 billion, reflecting an average purchase price of approximately $73,227 per bitcoin, including fees. STRC, the largest U.S. IPO in 2025, is expected to begin trading on the Nasdaq Global Select Market on or around July 30, 2025. CEO Michael Saylor stated the company achieved a 25.0% bitcoin yield year-to-date.
