Bitcoin News Today: Strategy's STRC Offering Surpasses $2.5 Billion, Boosting Bitcoin Holdings to 3% of Circulating Supply

Strategy, formerly known as MicroStrategy, has launched a novel financial instrument—STRC, a perpetual preferred stock—designed to offer high-yield returns tied to Bitcoin’s performance. The offering raised $2.5 billion, exceeding initial projections and underscoring growing institutional interest in Bitcoin as a financial asset. The proceeds will be allocated toward Bitcoin acquisitions, corporate operations, and monthly dividend distributions, further expanding the company’s Bitcoin holdings to 628,800 BTC—representing 3% of the circulating supply—as of mid-July 2025. CEO Phong Le noted the upsizing was driven by strong demand, indicating a shift in how traditional investors view digital assets [1].

The IPO reflects Strategy’s strategic pivot from an equity-based model to one focused on income-seeking investors. Michael Saylor emphasized the firm’s goal to “wrap Bitcoin in securities” and offer premium returns to a broader capital base, including those interested in debt and equity. This approach not only enhances shareholder value but also strengthens the company’s position as the largest corporate Bitcoin holder [2]. The STRC offering is distinct from prior convertible instruments in its direct appeal to yield-focused investors, signaling a maturation in the design of crypto-linked financial products [3].

The company’s Q2 2025 results underscore the financial success of this strategy, with net income reaching $10.02 billion and operating income hitting $14.03 billion—an extraordinary 7,106% year-over-year increase. The unrealized gain on Bitcoin holdings stands at $14.0 billion, with the average cost basis at $70,982 per BTC versus the quarter-end market price of $107,752. In the quarter, Strategy raised $10.5 billion, enabling the acquisition of 29,500 additional BTC [4].

The firm has also raised its full-year guidance, aiming for a 30.0% BTC yield and a $20 billion BTC gain, assuming a year-end price of $150,000. Under this scenario, the Bitcoin portfolio would be valued at $94.3 billion, and net income could reach $24 billion. These figures highlight the growing profitability of corporate Bitcoin strategies and the potential to redefine institutional capital management [5].

Alongside the stock offering, Strategy introduced a monthly dividend, a move expected to enhance shareholder returns and reinforce the sustainability of its capital structure amid ongoing Bitcoin accumulation. This development suggests a commitment to balancing growth with long-term value creation [6].

While Strategy’s model has attracted significant attention, it is not without challenges. Bitcoin’s volatility and the dilutive effect of preferred stock offerings require careful management to ensure long-term viability. Analysts note that while corporate structures like Strategy offer a more structured path to Bitcoin exposure, investors must remain vigilant about capital allocation and asset management [7].

The broader market is beginning to respond to the success of Strategy’s Bitcoin treasury strategy. As more firms explore similar models, the corporate adoption of Bitcoin could become a defining trend in institutional finance. However, the approach demands a nuanced understanding of both digital asset dynamics and traditional capital structures. For investors, the key decision lies in whether to pursue direct Bitcoin exposure or corporate vehicles like STRC, each with its own risk-return profile [8].

Strategy’s transformation from a business intelligence firm to the world’s first Bitcoin Treasury Company marks a pivotal moment in the evolution of digital asset finance. As the stock performance continues to mirror Bitcoin’s trajectory, the broader market is faced with a critical question: will traditional investors continue to overlook Bitcoin’s potential in a low-yield environment? The early numbers suggest otherwise [5].

Source:

[1] https://www.tipranks.com/news/company-announcements/strategy-announces-4-2-billion-stock-sales-agreement

[2] https://www.ainvest.com/news/microstrategy-bitcoin-treasury-strategy-dawn-institutional-confidence-digital-assets-2508/

[3] https://www.techinasia.com/news/strategy-reports-14b-q2-operating-income-as-bitcoin-surges

[4] https://www.theglobeandmail.com/investing/markets/stocks/MSTR-Q/pressreleases/33790714/strategy-announces-second-quarter-2025-financial-results-record-net-income-of-10-0-billion-and-eps-of-32-60/

[5] https://www.tipranks.com/news/company-announcements/strategy-announces-monthly-dividend-amid-strong-q2-results