Bitcoin News Today: Strategy Buys 21,021 BTC via $2.5B IPO, Total Bitcoin Holdings Exceed $74B

Michael Saylor’s Strategy, formerly MicroStrategy, has acquired 21,021 bitcoins at an average price of $117,256 per BTC following a $2.5 billion initial public offering (IPO) of its Series A Variable Rate Perpetual Preferred Stock (STRC). The acquisition, funded through the sale of 28 million STRC shares priced at $90 each, marks the largest U.S. IPO for a Bitcoin-focused company since 2009 [1]. This purchase adds to Strategy’s existing Bitcoin reserves, which now total 628,791 BTC, valued at over $74 billion at current market prices [3]. The STRC offering introduces the first U.S.-listed perpetual preferred security by a Bitcoin treasury company, offering floating monthly dividends to investors [1].

The IPO, which raised $2.521 billion, underscores Strategy’s commitment to its “digital asset treasury” model, which combines fixed-income returns with indirect Bitcoin exposure. By issuing STRC shares, the company targets traditional investors seeking stable yields without direct cryptocurrency holdings. Analysts note that this structure appeals to institutional and retail investors wary of crypto’s volatility while providing exposure to Bitcoin’s upside potential [3]. Ryan Yoon of Tiger Research highlights that the model’s credibility hinges on three factors: a verifiable Bitcoin reserve, access to Wall Street financial tools, and a stock trading at a premium to its BTC holdings [3].

Strategy’s acquisition strategy aligns with its long-term “42/42 plan,” which aims to raise $84 billion to purchase Bitcoin since 2020. This latest purchase brings the company closer to its goal, with projections suggesting it could still acquire an additional 17,000 BTC without shareholder dilution, according to TD Cowen analysis [3]. The company’s financial toolkit has expanded to include multiple instruments—STRK, STRF, STRD, and now STRC—each tailored to specific investor profiles.

Despite the IPO’s success, Strategy’s stock (MSTR) closed 2.26% lower on Tuesday, reflecting mixed investor sentiment [3]. Saylor, however, remains bullish, emphasizing Bitcoin’s role as a “perfected capital” and framing STRC as an innovative way to democratize access to Bitcoin-backed yields. The company’s aggressive accumulation strategy has inspired over 160 listed companies to adopt Bitcoin as a strategic asset [3].

The move reflects growing institutional confidence in Bitcoin’s long-term value, particularly as Strategy leverages perpetual preferred stock to finance its Bitcoin purchases while maintaining a premium valuation. By blending traditional financial engineering with crypto exposure, the company continues to bridge the gap between established markets and digital assets [3].

[1] STRC IPO brings Strategy $2.5B to buy 21000 BTC (https://tradersunion.com/news/cryptocurrency-news/show/404943-strc-ipo-brings-strategy/)

[2] Bitcoin News Today: Strategy Inc. raises $2.5B in 2025's largest IPO to buy 21K BTC, becomes largest corporate Bitcoin holder (https://www.ainvest.com/news/bitcoin-news-today-strategy-raises-2-5b-2025-largest-ipo-buy-21k-btc-largest-corporate-bitcoin-holder-2507/)