Strategy Buys $2.46B in Bitcoin After Historic IPO
The $2.46 billion purchase, funded through proceeds from its STRC IPO, marks the company’s biggest Bitcoin acquisition of 2025.
Each Bitcoin was acquired at an average price of $117,256, lifting Strategy’s total holdings to 628,791 BTC—valued at $46.8 billion based on cumulative acquisition costs. That brings the firm’s average purchase price to $73,227 per BTC, with a 25% year-to-date yield.
The STRC IPO, which brought in gross proceeds of $2.521 billion, has become the largest U.S. IPO of the year, and the most significant crypto-related public offering in recent memory. After accounting for expenses and underwriting fees, the company had $2.474 billion in net capital to deploy—nearly all of which went into Bitcoin.
Strategy had made it clear from the outset that STRC proceeds would be channeled into BTC. This latest purchase surpasses earlier buys in March and May, valued at $1.92 billion and $1.34 billion respectively, reinforcing the company’s position as the top public holder of Bitcoin.
STRC’s upcoming listing on Nasdaq, expected around July 30, will mark another first. It will be the only exchange-listed perpetual preferred security tied directly to a Bitcoin treasury and designed to pay monthly dividends. Strategy also says this will be the first such instrument to use a board-determined monthly dividend rate, introducing a new model for crypto-backed income products.
Earlier this year, Strategy raised over $2.3 billion through its STRK, STRF, and STRD offerings, building the foundation for this latest mega-deal.
Despite the blockbuster announcement, shares of MicroStrategy—widely viewed as a proxy for Strategy’s crypto exposure—slipped more than 2% during the day and are trading flat after hours, dipping below the $400 mark.
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Filed under: Bitcoin - @ July 30, 2025 12:16 am