Bitcoin News Today: Strategy Inc. raises $2.5B in 2025's largest IPO to buy 21K BTC, becomes largest corporate Bitcoin holder

Michael Saylor’s Strategy Inc., formerly known as MicroStrategy, has solidified its position as the largest corporate holder of Bitcoin (BTC) by purchasing 21,021 BTC following a $2.5 billion initial public offering (IPO) in 2025, marking the biggest U.S. IPO of the year. The acquisition, made at an average price of $117,256 per coin, brings the firm’s total Bitcoin holdings to 628,791 BTC, valued at approximately $73.7 billion at the time of purchase [1]. The IPO, which oversubscribed its initial $500 million target, was structured as a Variable Rate Series A Perpetual Preferred Stock (STRC), priced at $90 per share. The offering outpaced the $1 billion IPO of stablecoin issuer Circle Internet Group in June, underscoring growing institutional confidence in Bitcoin as a strategic asset [2].

The purchase represents Strategy’s largest single-tranche Bitcoin acquisition since March 31, 2025, according to BitcoinTreasuries.NET. The firm has consistently leveraged financial instruments—including equity, debt, and convertible notes—to fund its Bitcoin strategy, which has influenced over 160 publicly traded companies to allocate cryptocurrency on their balance sheets. The STRC offering is now listed on Nasdaq, positioning it as the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin treasury company to pay monthly dividends. This follows a series of similar instruments, including Strike (STRK), Strife (STRF), and Stride (STRD), each designed to attract income-focused investors while funding Bitcoin purchases [1].

Market reactions to the IPO were mixed. Shares of Strategy (MSTR) closed 2.26% lower on Tuesday but rebounded 0.52% in after-hours trading to $396.7, according to Google Finance data. The stock has risen 31.55% year-to-date, a modest gain compared to its 358.55% surge in 2024. The firm’s stock performance will be closely watched ahead of its second-quarter earnings report on July 30, which will reveal the impact of the IPO and Bitcoin purchases on its balance sheet up to June 30 [3].

The IPO and subsequent Bitcoin acquisition highlight Strategy’s aggressive capital allocation strategy, which channels nearly all proceeds into cryptocurrency. Critics argue the move increases risk exposure if Bitcoin’s price corrects, while supporters view it as a calculated alignment with the asset’s long-term potential. The firm’s actions also reflect broader institutional adoption of Bitcoin, with its $46.8 billion valuation (as of July 27, 2025) illustrating the digital asset’s growing legitimacy in traditional finance [1].

By treating Bitcoin as a core asset, Strategy has positioned itself as a bridge between institutional capital and the crypto ecosystem. Its approach mirrors strategies of other major players but distinguishes itself through the scale of the offering and immediate reinvestment. The firm’s decision to prioritize Bitcoin over alternative investments underscores its view of the cryptocurrency as a hedge against macroeconomic uncertainties—a stance shared by several institutional investors. However, the long-term market impact will depend on how similarly large-scale moves are replicated by others and how regulators respond to the convergence of traditional and digital asset markets [2].

Source:

[1] Strategy raises $2.5B to buy 21000 Bitcoins in major crypto IPO - https://www.cryptopolitan.com/strategy-raises-2-5b-to-buy-21000-bitcoins-in-major-crypto-ipo/

[2] Strategy Incorporated (MSTR) Stock: Bounces Back After $2.5B STRC IPO and 21K Bitcoin Buy - https://coincentral.com/ruvi-ai-ruvi-steals-spotlight-from-avalanche-avax-as-it-nears-end-of-phase-2-with-coinmarketcap-listing-its-holders-are-eyeing-83-2/

[3] Strategy buys 21K Bitcoin with 2025's biggest public offering - https://cointelegraph.com/news/strategy-buys-21k-bitcoin-strc-ipo