Strategy buys 21K Bitcoin after raising $2.5B
Strategy, previously known as MicroStrategy, announced it purchased 21,021 Bitcoin (CRYPTO:BTC) at an average price of US$117,256 per coin after raising US$2.5 billion through its fourth preferred stock offering.
The preferred stock, identified as STRC, involved the sale of 28 million shares at US$90 each.
This offering was increased from an original target of US$500 million and is the largest initial public offering in the United States for 2025 to date based on gross proceeds.
With this purchase, Strategy's total Bitcoin holdings rose to 628,791 coins, according to BitcoinTreasuries.NET data.
The company has previously used various financial instruments such as equity, debt, and convertible notes to fund Bitcoin acquisitions, influencing over 160 publicly traded companies to hold cryptocurrency on their balance sheets.
STRC is set to begin trading on the Nasdaq, marking the first US exchange-listed perpetual preferred security tied to a Bitcoin treasury company that offers monthly board-adjusted dividends aimed at investors seeking income.
Other preferred instruments Strategy issued include Strike (STRK) with an 8% fixed dividend, Strife (STRF) with a 10% cumulative yield, and Stride (STRD) with a 10% non-cumulative dividend.
Following the announcement, Strategy’s stock (MSTR) closed down 2.26% but rose slightly by 0.52% in after-hours trading to US$396.7.
Overall in 2025, MSTR shares are up 31.55%, representing slower growth compared to a 358.55% increase seen in 2024.
The Bitcoin purchase comes just days before Strategy’s second-quarter earnings report, expected to provide further details on the impact of capital raises and crypto acquisitions on its financial position.
At the time of reporting, BTC price was $117,589.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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