Strategy, formerly MicroStrategy, completed a $2.52 billion IPO of its STRC preferred stock, buying 21,021 Bitcoin at $117,256 per BTC. The stock offering involved 28,011,111 shares at $90 each, set to trade on Nasdaq starting July 30. The company netted $2.474 billion and now holds 628,791 BTC.

The STRC offering is the largest U.S. IPO of 2025, introducing the first U.S.-listed perpetual preferred security from a Bitcoin treasury company. It pays monthly dividends using a board-determined rate policy, appealing to yield-focused investors. Strategy now offers four Nasdaq-listed securities, reinforcing its capital markets strategy.

Led by Morgan Stanley, Barclays, Moelis & Company, and TD Securities, the offering positions Strategy as the world’s first Bitcoin Treasury Company. It uses a mix of equity, debt, and operational cash flows to build and expand Bitcoin holdings, offering investors different risk profiles. The company continues to focus on direct Bitcoin acquisition through structured financial instruments.

Read more at Yahoo Finance: Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each