Strategy Closes Record-Breaking $2.5B STRC IPO, Buys 21K More Bitcoins in Bold Treasury Play
The post Strategy Closes Record-Breaking $2.5B STRC IPO, Buys 21K More Bitcoins in Bold Treasury Play appeared on BitcoinEthereumNews.com.
Strategy just made Wall Street history. The self-declared Bitcoin Treasury Company has closed the largest U.S. IPO of the year, raising a staggering $2.521 billion through the launch of its new STRC shares — Variable Rate Series A Perpetual Stretch Preferred Stock. Priced at $90 per share, the 28-million-share offering is not just a crypto flex — it’s a financial power move that fuses old-school capital markets with digital gold. STRC is slated to debut on the Nasdaq Global Select Market around July 30 under the ticker “STRC”, adding yet another Bitcoin-adjacent asset to Strategy’s expanding arsenal of equity tickers. But this isn’t just about ticker sprawl — it’s about rewriting the playbook on corporate finance in the age of Bitcoin maximalism. After fees, Strategy walks away with $2.474 billion in net proceeds, which it’s already put to work — scooping up 21,021 additional bitcoins at an average price of $117,256 per BTC. This latest haul boosts the firm’s total stash to 628,791 BTC, now worth nearly $47 billion. For those keeping score, that’s an average acquisition price of $73,227 per coin, including fees. Strategy announced the huge Bitcoin buy on X But STRC isn’t just another crypto-fueled headline — it’s a structural innovation in capital markets. This is the first U.S. exchange-listed perpetual preferred stock from a Bitcoin-centric firm — and it pays monthly dividends. Even more novel, those dividend rates are determined by Strategy’s board, making it a sort of active-income vehicle with a short-duration mindset. That’s a rare hybrid in the market: crypto-aligned, income-focused, and equity-structured — designed to attract yield-hungry investors who might not touch Bitcoin directly but want to ride its upside. It’s the largest perpetual preferred stock offering listed on a U.S. exchange since 2009. The first of its kind. A security class that…
Filed under: News - @ July 30, 2025 6:21 am