Strategy, the leading bitcoin corporate treasury company, announced<\/a> it has purchased 21,021 BTC at an average price of $117,256, using proceeds from its $2.52 billion IPO of Series A Perpetual Stretch Preferred Stock (STRC). The acquisition brings Strategy\u2019s total holdings to 628,791 BTC, valued at roughly $80 billion.<\/p>\n The offering, priced at $90 per share for 28,011,111 shares, is the largest US IPO of 2025 and one of the biggest bitcoin-related equity raises in recent history. Strategy netted $2.474 billion after expenses and used nearly all of it to buy more bitcoin, continuing its aggressive accumulation strategy without diluting common shareholders.<\/p>\n The stock is set to begin trading on the Nasdaq Global Select Market around July 30 under the ticker STRC. The stock features a variable 9% annual dividend, paid monthly, and is designed to trade near its $100 par value. It\u2019s the first U.S. exchange-listed perpetual preferred security from a bitcoin treasury firm with a monthly dividend rate.<\/p>\n It is the largest exchange-listed preferred stock issuance since 2009 and introduces a short-duration, income-generating security designed to appeal to yield-focused investors. Strategy also retains redemption and repurchase rights, along with investor protections such as dividend accrual and tax-related redemption options.<\/p>\n \u201cMorgan Stanley, Barclays, Moelis & Company, and TD Securities acted as joint book-running managers,\u201d stated the press release. \u201cThe Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and Maxim Group LLC served as co-managers.\u201d<\/p>\n Just a week earlier, Strategy disclosed a $740 million bitcoin purchase of 6,220 BTC, pushing its total holdings well above 600,000 BTC. Analysts from TD Cowen<\/a> project the company could acquire another 17,000 BTC over the next decade under its 42\/42<\/a> program, which aims to raise $84 billion for bitcoin purchases by 2027.<\/p>\n<\/div>\n![\"Strategy](\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/07\/AD_4nXdhk4aM1abAwDpIkN-43bsyCDLLN5sL6o1eHQPyUx5QykwXY1YMb6jUfeEvERcg5tDzqvuW_gVJcu346W7076SkZNrK2A_EJBZsnlbREQOHyvq97ElqpavLihAQzkhfs9iWUxqMOA.png\" "\\"Strategy")
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