---
title: "Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each"
description: "Strategy MSTR has completed a $2.52 billion IPO of its STRC preferred stock, acquiring 21,021 Bitcoin at an average price of $117,256 each. The offering, the largest U.S. IPO of 2025, involved 28,011,"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/250658612.md"
published_at: "2025-07-29T20:39:55.000Z"
---

# Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each

> Strategy MSTR has completed a $2.52 billion IPO of its STRC preferred stock, acquiring 21,021 Bitcoin at an average price of $117,256 each. The offering, the largest U.S. IPO of 2025, involved 28,011,111 shares priced at $90 each and will trade on Nasdaq under the ticker "STRC". The company now holds 628,791 BTC, totaling $46.8 billion in acquisitions. This marks the first U.S.-listed perpetual preferred security from a Bitcoin treasury company, aimed at yield-focused investors.

**Strategy** MSTR, formerly known as **MicroStrategy**, has completed a $2.52 billion initial public offering (IPO) of its STRC preferred stock and used the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per BTC, the company announced July 29.

The STRC stock offering, the largest U.S. IPO of 2025 to date, involved 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock, priced at $90 per share.

The stock is set to begin trading on the Nasdaq Global Select Market under the ticker symbol "STRC" starting July 30.

The **Michael** **Saylo****r-led** company netted approximately $2.474 billion after fees and offering expenses, and immediately deployed the funds into Bitcoin.

With the new purchase, the firm now holds 628,791 BTC, acquired at a total cost of $46.8 billion, averaging $73,227 per Bitcoin across all purchases to date.

**Also Read: Ethereum Treasuries Could Soon Own 10% Of All ETH: Standard Chartered**

The STRC offering marks multiple firsts: it is the first U.S.-listed perpetual preferred security from a Bitcoin treasury company and the first to pay monthly dividends using a board-determined rate policy.

Disclosure: 82% of retail CFD accounts lose money

It also introduces a new short-duration, income-oriented structure aimed at broadening access to yield-focused investors.

Strategy now offers four Nasdaq-listed securities (MSTR, STRK, STRF, STRD), with STRC as its latest addition, reinforcing its capital markets strategy to raise funds for direct Bitcoin acquisition.

The offering was led by **Morgan Stanley**, **Barclays**, **Moelis & Company** and **TD Securities**, among others.

The company has continued to position itself as the world's first Bitcoin Treasury Company, using a combination of equity, debt and operational cash flows to build and expand its Bitcoin holdings while offering investors different risk profiles through structured financial instruments.

*Photo: Shutterstock*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.