Nasdaq Listing Fuels MicroStrategy’s Record Bitcoin Acquisition
Michael Saylor’s firm MicroStrategy achieved significant milestones Tuesday, acquiring 21,021 Bitcoin and concurrently executing the largest US Initial Public Offering (IPO) of 2025.
MicroStrategy Buys Record 21,021 Bitcoin
The company, North America’s largest holder of Bitcoin among public entities according to BitcoinTreasuries.NET, announced raising $2.5 billion through its fourth preferred stock, STRC. These proceeds funded the recent BTC purchase at an average price of $117,256 per coin.
This acquisition brings MicroStrategy’s total Bitcoin holdings to 628,791, sourced using equity, debt, and convertible notes. This strategy is credited with inspiring at least 160 other publicly traded companies to adopt cryptocurrency on their balance sheets.
STRC IPO Marks Largest 2025 US Offering
MicrStrategy’s fourth-quarter funding round reached gross proceeds of $2.5 billion by selling 28 million Variable Rate Series A Perpetual Preferred Stock (STRC) shares at $90 each, significantly exceeding its initial target of $500 million. This positions the offering as the largest in the US so far in 2025.
The deal surpasses the $1 billion Circle IPO benchmark set earlier in the year.
STRC Listed, MSTR Shares Mostly Flat After Hours
Stock activity reacted to the news: MicroStrategy Inc. (MSTR) shares closed down 2.26%, while STRC shares were pre-market in an upcoming Nasdaq listing scheduled for Wednesday.
Afterschool trading saw MSTR rise slightly to $396.70, but the stock is largely flat compared to its peak earlier in the year, following a 31.55% increase so far in 2025.
Series of STR Preferred Securities
The STRC offering continues MicroStrategy’s march of creating income-generating preferred securities on Nasdaq:
- STRC: Variable rate perpetual stock with board-adjusted monthly dividends
- STRK: Convertible share with 8% fixed dividend
- STRF: Non-convertible with 10% cumulative yield
- STRD: 10% non-cumulative dividend
Bitcoin’s Role in Upcoming Earnings
The company’s strategic Q2 earnings report, scheduled for release Thursday, will examine how capital raised and Bitcoin purchasing activities between July and June impacted its financials.
