Strategy bought over 21,000 Bitcoin after raising $2.5 billion from a preferred stock offering, the largest initial public offering in the US this year.
Michael Saylor’s Strategy says it bought 21,021 Bitcoin after raising $2.5 billion from its fourth preferred stock — STRC — making it the largest US initial public offering in 2025 so far.
Strategy, which has the largest Bitcoin (BTC) holdings among public companies, said on Tuesday that its latest buy was at an average purchase price of $117,256 per coin, bringing its total stash to 628,791 BTC. The purchase was the firm’s largest since March 31, BitcoinTreasuries.NET data shows.
The company formerly known as MicroStrategy raised $2.5 billion by selling 28 million shares of Variable Rate Series A Perpetual Preferred Stock (STRC) for $90 each, which was upsized from an initial goal of $500 million.
