Bitcoin News Today: Strategy Buys $2.46B Bitcoin with $2.52B IPO, BTCS Seeks $2B for Ethereum

Strategy’s Bitcoin Accumulation Surpasses $46 Billion as Ethereum-Focused BTCS Targets $2 Billion Raise

Strategy, the Bitcoin-focused treasury firm formerly known as MicroStrategy, has acquired an additional 21,021 BTC valued at $2.46 billion, using proceeds from its $2.521 billion IPO of Series A Perpetual Stretch Preferred Stock (STRC). The purchase, announced by CEO Michael Saylor on X, brought the company’s total Bitcoin holdings to 628,791 BTC with a combined cost basis of $46.08 billion. This marks Strategy’s largest single Bitcoin acquisition of 2025 and follows prior purchases in March ($1.92 billion) and May ($1.34 billion) [1]. The recent transaction accounts for over 0.1% of Bitcoin’s 21 million-coin supply, solidifying Strategy’s position as the largest corporate holder of BTC, with a stash significantly exceeding MARA Holdings’ 50,000 BTC [1].

The STRC offering, priced at $90 per share, set a record as the largest U.S. perpetual preferred stock IPO since 2009 and the first such issuance backed by Bitcoin. The $2.521 billion raised exceeded the initial $500 million target due to strong institutional demand, offering investors a 9% annual dividend with monthly payouts. Despite the IPO’s success, Strategy’s common stock (MSTR) fell over 2% in after-hours trading, dipping below $400 [1]. The firm has now raised $5.3 billion across four preferred share offerings in 2025, financing its aggressive Bitcoin accumulation strategy.

Parallel to Strategy’s moves, Ethereum treasury firm BTCS Inc. announced a $2 billion fundraising effort via an S-3 registration statement filed with the SEC. The company intends to use proceeds for digital asset purchases, working capital, and general corporate purposes. BTCS also filed for the resale of over 5 million shares tied to existing convertible notes and warrants, expecting $12 million from their exercise [2]. This dual approach—leveraging equity markets to expand crypto holdings—reflects a broader trend of institutional investors allocating capital to digital assets as corporate treasuries.

Strategy’s Bitcoin stash, valued at $46.8 billion, is generating a 25.0% yield to date in 2025, with SaylorTracker reporting an unrealized profit of $28.1 billion. The firm’s strategy of funding purchases through equity issuance has drawn scrutiny for diluting common shareholders but underscores its commitment to treating Bitcoin as a core asset. Meanwhile, BTCS’s Ethereum-focused expansion highlights the growing diversification of corporate crypto portfolios.

Analysis of the developments suggests institutional confidence in cryptocurrencies as strategic reserves is intensifying. Strategy’s dominance in BTC accumulation and BTCS’s Ethereum-centric approach signal a competitive landscape where firms are tailoring their crypto strategies to specific blockchain ecosystems. The use of equity offerings to finance digital-asset acquisitions also indicates maturing capital markets, as firms navigate regulatory scrutiny and market volatility. However, the sustainability of these strategies hinges on Bitcoin’s and Ethereum’s long-term price trajectories, which remain subject to macroeconomic and regulatory shifts [1][2].

Sources:

[1] https://moneycheck.com/strategy-makes-largest-bitcoin-buy-yet-with-2-5b-strc-funding/

[2] https://x.com/bscnews?lang=en