Michael Saylor’s Strategy snaps up 21K Bitcoin after 2025’s biggest IPO

• Strategy bought 21K Bitcoin using $2.5B from the STRC stock sale.
• STRC IPO is 2025’s biggest, offering a 9% monthly dividend.
• Strategy now holds 628,791 BTC worth nearly $74 billion.

In a bold continuation of its aggressive Bitcoin (BTC) accumulation strategy, Michael Saylor’s Strategy Inc. has acquired 21,021 Bitcoin after executing what is now the largest initial public offering (IPO) in the United States in 2025.

The company, formerly known as MicroStrategy, announced on July 29 that it had completed the massive purchase using proceeds from its latest preferred stock offering.

This landmark move comes amid a relatively volatile Bitcoin market and further cements Strategy’s dominance as the world’s largest publicly traded corporate holder of the cryptocurrency.

Michael Saylor’s Strategy record IPO

Strategy raised a staggering $2.5 billion through the public sale of its new Variable Rate Series A Perpetual Preferred Stock, designated as STRC.

The stock was offered at $90 per share, significantly surpassing the company’s initial fundraising goal of $500 million.

According to the company’s press release, the offering drew strong investor demand, allowing Strategy to quintuple its original target.

With the offering successfully closed, Strategy quickly deployed $2.46 billion of the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per coin.

This acquisition marks the company’s largest Bitcoin buy since March 31 and brings its total holdings to 628,791 BTC — now valued at nearly $74 billion.

STRC set to begin trading on Nasdaq

The newly issued STRC preferred shares are expected to begin trading on the Nasdaq Global Select Market on July 30.

Strategy describes STRC as the first exchange-listed perpetual preferred security from a Bitcoin treasury company that offers monthly, board-adjusted dividends to income-focused investors.

The initial dividend rate has been set at 9%.

STRC is the latest in a series of financial instruments created by Strategy to support its Bitcoin strategy.

Previous offerings include STRK (Strike), a convertible share with an 8% fixed dividend, STRF (Strife), a non-convertible preferred share with a 10% cumulative yield, and STRD (Stride), which offers a 10% non-cumulative dividend.

Together, these products reflect the company’s broader strategy of turning capital markets into a Bitcoin acquisition engine.

Timing the Dip, Saylor doubles down

Interestingly, Strategy’s Bitcoin purchase comes at a time when the cryptocurrency is trading below its all-time high.

Bitcoin reached a record $123,091.61 on July 14 but has since hovered between $117,000 and $119,000.

Strategy’s move is widely seen as an effort to capitalise on the pullback, with many analysts describing it as one of the biggest “buy-the-dip” moves in crypto history.

Michael Saylor, Strategy’s executive chairman and co-founder, remains one of Bitcoin’s most vocal proponents.

Saylor has previously stated that he believes Bitcoin could reach $13 million per coin by 2045.

His continued confidence in the digital asset, despite its short-term volatility, is evident in the scale and timing of this latest purchase.

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