Bitcoin News Today: MicroStrategy Completes $2.52B IPO, Swells Bitcoin Holdings to 628,791 BTC at $117K Average Price, 2025’s Largest Crypto-Linked Offering

MicroStrategy Inc. (MSTR) concluded a landmark $2.52 billion initial public offering (IPO) in July 2025, raising capital through 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) priced at $90 per share [1]. The net proceeds, approximately $2.47 billion after underwriting costs and expenses, were allocated to acquire 21,021 Bitcoin units at an average price of $117,256 per coin, swelling the firm’s total holdings to 628,791 BTC by July 29, 2025 [2]. This transaction marked the largest cryptocurrency-related IPO of 2025 and the most substantial U.S. perpetual preferred stock issuance since 2009 [3]. The underwriting syndicate included Morgan Stanley, Barclays, and TD Securities as joint book-running managers, with co-managers such as The Benchmark Company and Clear Street [1].

The IPO’s proceeds underscore MicroStrategy’s aggressive strategy to integrate Bitcoin into corporate treasuries, a move aligned with broader trends in institutional finance. Analysts attribute the firm’s approach to Bitcoin’s perceived role as a hedge against inflation and a diversification tool for balance sheets [8]. The firm’s chairman, Michael Saylor, has advocated for Bitcoin’s long-term value, noting that corporate holdings now constitute a significant portion of the circulating supply [6]. However, critics caution that large-scale Bitcoin accumulation by corporations could amplify market volatility and strain liquidity, particularly as firms compete for limited supply [9].

MicroStrategy’s stock price has surged 131% year-to-date as of July 2025, reflecting investor confidence in its Bitcoin-centric strategy [7]. The firm’s recent $2.8 billion preferred stock issuance further reinforces its commitment to funding Bitcoin purchases while offering yield-based incentives to investors [7]. Yet, some analysts warn of regulatory and price risks associated with overreliance on Bitcoin, citing recent fluctuations in preferred stock offerings and strategic shifts [5].

Institutional interest in MicroStrategy’s stock has intensified, with Vanguard Group emerging as its top investor [10]. This development highlights the growing convergence between traditional asset managers and the crypto sector. Competitors such as Metaplanet and SharpLink have also expanded their Bitcoin reserves, though MicroStrategy’s scale remains unmatched [6]. The firm’s STRC IPO, the first perpetual preferred security issued by a Bitcoin Treasury Company on a U.S. exchange, introduces a short-duration, income-oriented financial product designed to attract yield-seeking investors [1].

Source:

[1] Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each, [https://finance.yahoo.com/news/strategy-closes-2-52b-strc-203955863.html]

[2] MicroStrategy Allocates $2.52 Billion IPO Proceeds to Buy Bitcoin, [https://www.ainvest.com/news/bitcoin-news-today-microstrategy-allocates-2-52-billion-ipo-proceeds-buy-21-021-bitcoin-units-117-256-average-2507/]

[3] Strategy Shifts to STRC Share Placement for 2025 Crypto IPO, [https://www.mitrade.com/insights/news/live-news/article-3-992119-20250728]

[4] Bitcoin as Corporate Asset, [https://cryptopotato.com/strategy-tops-ipo-charts-in-2025-with-2-52b-raise-more-bitcoin-bought/]

[5] MicroStrategy Stock Volatility Amid Strategic Shifts, [https://finance.yahoo.com/news/microstrategy-mstr-stock-target-raised-054049537.html]

[6] MicroStrategy’s Bitcoin Holdings and Market Influence, [https://www.coinDesk.com/microstrategy-bitcoin-holdings]

[7] MicroStrategy’s Preferred Stock Sales and Capital Strategy, [https://www.bloomberg.com/microstrategy-preferred-stock-issues]

[8] Corporate Bitcoin Treasury Trends, [https://www.aol.com/crypto-treasury-companies-bullish-bitcoin-100000225.html]

[9] Market Risks in Bitcoin Accumulation, [https://www.benzinga.com/quote/MSTR/news]

[10] Institutional Investment in MicroStrategy, [https://www.barchart.com/microstrategy-stock-analysis]