Michael Saylor’s Strategy Buys $2.5B Bitcoin in Record Public Offering of 2025

Strategy, one of the most popular Bitcoin Treasury Companies, has completed a successful IPO that has raised approximately $2.52 billion. Aligning with the company’s aggressive Bitcoin accumulation strategy, the company increased its BTC holding by an additional 21,021 coins for approximately $2.46 billion.

Strategy Completes Biggest IPO of the Year

In a press release, Michael Saylor’s Strategy announced the public offering of its fourth preferred stock—STRC. The company sold 28,011,111 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) to the tune of $90 per share. 

As a result, Strategy realized approximately $2.521 billion from its IPO, an upsize from the initial goal of $500 million. The $2.521 billion raised by Strategy is the biggest public offering in the United States so far in 2025. It is more than double Circle’s $1 billion IPO from June.

STRC is part of Strategy’s plan to use financial products to buy BTC. In the past, Strategy funded Bitcoin purchases with equity, debt, and convertible notes. On July 30, Strategy’s STRC shares will begin trading on Nasdaq at $90. Also, MicroStrategy has announced that its Q2 quarterly earnings will be made public later this week.

The STRC Offering

Strategy introduced its STRF offering in March; however, the STRC will reach a different group of people. STRC would be the first to offer monthly cash dividends in the U.S., whereby it would pay out a perpetual preferred security that has an exchange listing as a perpetual preferred security.

The STRC offering promises floating monthly payments and non-maturing investments. It is also the first short-duration, income-oriented instrument offered by Strategy. Holders of the STRC share get paid a monthly dividend of approximately 9% per year. 

However, the Strategy board can tweak that rate by a quarter percent, up or down, each month. Such a product of yield enables investors to gain direct exposure to Bitcoin without incurring the volatility of the spot market.

Strategy Allocates Most of IPO Funds for Bitcoin Purchase

Strategy generated around $2.521b in IPO capital. The net proceeds amounted to about $2.474 billion following the withdrawal of the underwriting fees and commission and what was used in the transaction.

Strategy used these funds to purchase 21,021 39-bitcoins at an approximate cost of around $117,256 per coin. According to the information provided by BitcoinTreasuries.NET, this is the largest purchase of Bitcoin by Strategy since March 31.

Strategy Makes Huge Returns on Bitcoin Bet

While there has been a growing demand for Bitcoin from institutional investors, Strategy’s aggressive purchases stand out. According to Saylor’s post on X (formerly Twitter), the company’s decision to purchase Bitcoin has been paying off.

According to Saylor, Strategy has achieved a 25.0% year-to-date (YTD) yield on its Bitcoin holdings in 2025. This most recent purchase brings the total Bitcoin positions of Strategy up to 628,791 Bitcoins purchased at a total of approximately $46.08 billion.

The weighted average cost of all Strategy’s BTC purchases has risen to an average of $73,277 per coin. However, with the Bitcoin price currently at $118,000, the company is deep in profits on its massive Bitcoin portfolio.