Strategy is the world’s leading Bitcoin corporate Treasury company. announced The proceeds from the $2.52 Billion IPO of Series a Perpetual Flex Preferred Stocks (STRC) were used to purchase 21,021 BTC, at an average cost of $117.256. With this acquisition, Strategy now holds 628,791 BTC worth approximately $80 Billion.
Priced at $90 per stock for 28,011,111 units, this offering represents the largest US-based IPO in 2025, as well as one of the most significant bitcoin equity raisings of recent times. The company earned $2.474 after costs and almost all was used to purchase bitcoins, continuing the aggressive accumulation of its shareholders.
Stock is expected to start trading around the 30th of July on Nasdaq’s Global Select Market under the ticker STRC. Stocks with a monthly dividend of 9% are designed to be traded near their $100 par value. The perpetual preferred security is the U.S.’s first exchange-listed permanent preferred from a bitcoin Treasury firm. It pays a monthly rate.
This is the biggest exchange-listed preferred-stock issuance in 2009, and it introduces an income-generating short-term security that will appeal to investors who are yield-focused. The strategy retains the redemption and repurchase right, as well as investor protections like dividend accrual options and tax related redemption.
“Morgan Stanley, Barclays, Moelis & Company, and TD Securities acted as joint book-running managers,” Press release stating the statement “The Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and Maxim Group LLC served as co-managers.”
Strategy announced a bitcoin purchase worth $740 million, or 6,220 BTC. This brought its total Bitcoin holdings above 600,000. The analysts from TD Cowen The company’s project could see it acquire 17,000 BTC more over the next ten years. 42/42 Program, which is aimed at raising $84 billion in bitcoins by 2027.
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Source: bitcoinmagazine.com
