Strategy Continues Bitcoin Buying Spree, Acquires 21,021 BTC for $2.4B

American business intelligence firm, Strategy, has further cemented its position as the largest corporate holder of bitcoin. The company recently expanded its bitcoin holdings. 

In an X post, the company’s co-founder and CEO, Michael Saylor, revealed that Strategy spent over $2 billion to acquire 21,021 BTC.

Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC acquired for ~$46.08 billion at ~$73,277 per bitcoin. $MSTR $STRK $STRF $STRD $STRC https://t.co/PEQQGfvkYe

— Michael Saylor (@saylor) July 29, 2025

STRC IPO Raises $2.5 Billion 

Per the official press release, Strategy purchased the coins using proceeds from its initial public offering (IPO) of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The shares were sold at a price of $90 per share. 

Several confidential sources close to the matter disclosed to Bloomberg last week that the stock offering was initially intended to raise $500 million. However, it was expanded to $2 billion following the sale of 5 million shares. 

The STRC IPO raised approximately $2.52 billion in gross proceeds. After excluding underwriting fees, commissions, and transaction expenses, net proceeds from the IPO came up to approximately $2.474 billion.

Notably, this stock offering is the largest U.S. IPO in 2025 and one of the largest crypto-related offerings in recent years. Strategy noted that STRC will begin trading on the Nasdaq Global Select Market on or around July 30, 2025.

“Once listed on Nasdaq, STRC will be the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin Treasury Company to pay monthly dividends and, we believe, the first U.S. exchange-listed perpetual preferred security to incorporate a board-determined monthly dividend rate policy,” the company added.

Strategy Expands BTC Holdings to 628,791

Using the proceeds from the sale, Strategy purchased 21,021 bitcoins at an average purchase price of approximately $117,256 per bitcoin. With the latest purchase, the company now holds a total of 628,791 BTC worth approximately $46.8 billion, acquired at an average price of approximately $73,227 per bitcoin.

According to Saylor, Strategy has achieved a 25.0% bitcoin yield year-to-date. With BTC trading at $117,519 at press time, Strategy’s bitcoin stash is currently sitting at 63.73% profit, which accounts for over $24.6 million in unrealized profit, according to data from Saylor Tracker. 

The software company’s confidence in the potential of the apex coin has continued to fuel its accumulation spree. This confidence is also influencing other companies, including Metaplanet, Twenty One Capital, and Smarter Web, to join the bitcoin treasury train. 

Earlier today, Twenty One Capital boosted its bitcoin holdings to 43,500 BTC with a new $680.4 million purchase from Tether.

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