Strategy Powers Bitcoin Treasury with $2.5B “Stretch” IPO, Increases Holdings by 21,021 BTC

Strategy (formerly MicroStrategy) has successfully raised an astonishing $2.52 billion via its “Stretch” IPO to amass an additional 21,021 BTC. This brings their overall total to 628,791 BTC recorded on their corporate balance sheet.

The STRC preferred shares commence trading on Nasdaq today, marking it as the largest U.S. IPO of 2025. With monthly dividends of 9%, BTC ▼-0.73% accumulation, while Michael Saylor continues to maximize leverage. This could potentially transform the approach to corporate treasuries.

Strategy’s Bold Move and Bitcoin as the Ultimate Strategy

Let’s call it what it is; Strategy has made a significant play. The “Stretch” IPO was initially planned for $500 million but saw an overwhelming response, culminating in $2.52 billion raised from 28,011,111 shares priced at $90 each. After accounting for fees, they retained $2.474 billion in cash.

Strategy adeptly maximized the indicator and clicked the buy button with that entire amount, acquiring 21,021 Bitcoin. The average purchase price stood at $117,256 per coin, reflecting a serious shift towards a Bitcoin-centric business strategy.

BREAKING

Strategy purchased 21,021 BTC for roughly $2.46 billion at

They currently hodl 628,791 $BTC pic.twitter.com/eGr5unrNys

— Quinten | 048.eth (@QuintenFrancois) July 30, 2025

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As the STRC stock begins trading on Nasdaq’s Global Select Trading market, it caters to income-seeking investors offering dividends of up to 9% monthly. Also, for those looking for low-volatility options without the ups and downs of the spot crypto market, this approach can be appealing. Strategy’s earlier preferred stock classes (STRK, STRF, STRD) offered quarterly dividends; this new class will focus on monthly and high-yield returns.

Strategy’s enterprise analytics division generated $459.28 million in revenue in the past year with gross margins of 70.95%. However, the focus remains on their $46.08 billion profit and wrecked BTC portfolio.

This latest action further solidifies Strategy’s reputation as the corporate BTC pioneer. With shares now available and Saylor tweeting like he has just won a major conquest, we could be witnessing the evolution of corporate finance in real-time.

#Bitcoin is a collective of digital hornets honoring the goddess of intellect, thriving on the flame of veracity, becoming increasingly intelligent, rapid, and powerful behind a barrier of encrypted might.

— Michael Saylor (@saylor) September 18, 2020

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628k BTC with a $73k Average Cost – Strategy Keeps Pushing Forward

With this recent acquisition, Strategy holds 628,791 BTC, with an average cost basis of $73,277. Given current prices around $117k per Bitcoin, this results in substantial unrealized gains worth billions and a 25% year-to-date treasury yield for 2025. This isn’t just impressive; it’s remarkably optimistic for a corporate treasury.

From July 14th to 20th, Strategy secured an additional $740.3 million through four different security classes. They have $21 billion authorized per class within their issuance plan. This represents a significant reserve to continue purchasing BTC during dips… and peaks.

The company has effectively transformed into a hybrid between an enterprise software provider and a Bitcoin-backed ETF, using equity and preferred shares in lieu of a traditional BlackRock structure.

Simple Strategy at MicroStrategy pic.twitter.com/cN0ZYnBz9E

— JK (@jonbking) July 29, 2025

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Numerous critics are shouting “overexposure,” but those claims have been circulating since Bitcoin was below $20k. It seems Michael Saylor is focused on concentration rather than diversification. He has even stated that STRC was conceived to provide a “stable” income stream for investors while still empowering the company to fully dive into Bitcoin.

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The article Strategy Fuels BTC Treasury with $2.5B “Stretch” IPO, Adds 21,021 Bitcoin originally appeared on 99Bitcoins.