Strategy Purchases $2.4 Billion of Bitcoin After Preferred Stock Sale

Strategy announced the acquisition of 21,021 BTC after the debut STRC sale raised a net $2.47 billion, with approximately $47 million going on underwriting discounts, commissions and estimated offering expenses. The original plan for the IPO to sell $500 million worth of shares was upgraded late last week. 

It turned out to be “the largest US initial public offering in 2025 and one of the largest crypto-related offerings in recent years,” the company noted in a press release late Tuesday.

STRC debuts on the Nasdaq stock exchange on Wednesday. The new preferred stock aims to provide investors with a regular income, aiming for a 9% monthly regular dividend rate per year. When announcing the stock, Strategy emphasized the ability to remain steady amidst a chaotic market. STRC is designed “to promote stable price dynamics,” according to the firm.

The new purchase brings Strategy’s bitcoin holdings up to 628,791 BTC, valued at approximately $74 billion. The company is the largest corporate holder of Bitcoin.