Strategy (MSTR.US) has completed a $2.52 billion preferred stock IPO and has subsequently purchased 21,000 Bitcoins.

According to the Wisdom Financial APP, Strategy Company (MSTR.US) announced on July 29 that it has completed the initial public offering (IPO) of $2.52 billion for its STRC preferred stock, and will use the funds raised to purchase 21,021 Bitcoins at an average price of $117,256 per coin. This STRC stock issuance is the largest IPO in the United States so far in 2025, issuing a total of 28,011,111 shares of A series floating rate perpetual convertible preferred stock at a price of $90 per share. The stock began trading on the Nasdaq Global Select Market on July 30 under the stock code "STRC".