Strategy Completes $2.5 Billion Preferred Stock IPO, Buys 21,021 Bitcoins

We have learned from Zhongtong Finance APP that Strategy company (MSTR.US) announced on July 29 that it has completed its STRC preferred stock's initial public offering (IPO) of $2.5 billion and will use the funds to buy 21,021 Bitcoins at an average price of $117,256 per coin. This time, the STRC stock issuance is the largest IPO in the United States since 2025, with a total of 28,011,111 shares of A-series floating rate perpetual preferred stock issued at a price of $90 per share. The stock began trading on the Nasdaq Global Select Market on July 30 under the ticker symbol "STRC".

After deducting fees and issuance expenses, the company netted approximately $2.474 billion and immediately invested this amount in buying Bitcoins.

Following this increase, the company's total Bitcoin holdings reached 628,791 coins, with a total purchase cost of $468 billion, and an average purchase price of $73,227 per coin.

This STRC issuance set multiple industry records: it is the first US-based permanent preferred stock issued by a Bitcoin treasury company, and it is also the first security product to adopt a board-approved dividend mechanism for monthly dividend payments.

At the same time, its innovative short-term, income-oriented structure aims to expand coverage of sensitive investors to income-generating investments.

Strategy currently has four listed securities on Nasdaq (MSTR, STRK, STRF, and STRD), with STRC joining further solidifying its strategy of raising funds through capital market tools and directly purchasing Bitcoins.

This issuance was led by Morgan Stanley, Barclays, Moelis & Company, and Drexel Securities.

The company continues to position itself as the world's first Bitcoin treasury company, expanding its Bitcoin holdings through a combination of equity, debt, and operating cash flow, while providing investors with different risk tolerance options through structured financial instruments.