Categories: Crypto

Strategy Fuels Bitcoin Treasury with $2.5B “Stretch” IPO, Adds 21,021 BTC


Strategy (previously MicroStrategy) just raised another monstrous $2.52 billion through its “Stretch” IPO to stack another 21,021 BTC. That’s now a total of 628,791 BTC sitting on its corporate books.

The STRC preferred shares start trading on Nasdaq today, and it’s the biggest U.S. IPO of 2025. Monthly 9% diidents, BTC ▼-1.12% accumulation, and Michael Saylor is still going max leverage. This might just redefine how corporate treasury is done.

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Strategy Monster Play and BTC is the Endgame

Let’s not sugarcoat this, Strategy just pulled a monster move. The “Stretch” IPO was originally pegged for $500 million but exploded in demand, closing out at $2.52 billion raised from 28,011,111 shares at $90 a piece. After fees, they walked away with $2.474 billion in cold, hard cash.

And Strategy simply dragged to the max the indicator and clicked the buy button for all that money, and acquired 21,021 BTC. The average price of execution is $117,256 per coin. And this looks more and more like a full pivot into a Bitcoin-first business model.

https://twitter.com/QuintenFrancois/status/1950405910687289429?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank

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With the STRC stock now trading under Nasdaq’s Global Select Market, it’s designed for income-focused investors with up to 9% monthly dividends. Also, for low-volatility angle for those who want BTC exposure without riding the spot market rollercoaster. Strategy’s previous preferred stock classes (STRK, STRF, STRD) paid quarterly. This one will be monthly and aggressively yield-focused.

Strategy’s enterprise analytics division pulled $459.28 million in revenue over the last 12 months with 70.95% gross margins. But the spotlight is on that $46.08 billion PnL Bitcoin stack.

This move further cements Strategy as the corporate Bitcoin godfather. With shares now live and Saylor tweeting like he just conquered Rome, we might be watching the future of corporate finance evolve in real-time.

https://twitter.com/saylor/status/1307029562321231873?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank

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628k Bitcoin $73k Average Cost – Strategy Isn’t Slowing Down

With this latest haul, Strategy’s sitting on 628,791 BTC, and that stash has an average cost of $73,277. At current prices around $117k per Bitcoin, that’s a paper gain worth billions and a 25% YTD treasury yield for 2025. That is not just good; it’s absurdly bullish for a corporate balance sheet.

Between the 14th and 20th of July, Strategy raised another $740.3 million from four different security classes. They’ve got $21 billion per class authorized under their issuance program. That’s a war chest big enough to keep buying BTC on every dip …. and some tops.

The company basically turned itself into a hybrid of an enterprise software business and a Bitcoin-backed ETF. Except they’re using equity and preferred shares instead of a BlackRock-style structure.

https://twitter.com/jonbking/status/1950336198724948160?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank

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Many critics are screaming “overexposure”, but they’ve been doing that since BTC was under $20k. Looks like Michael Saylor isn’t here to diversify. He is here to concentrate and dominate. Saylor’s even said STRC was designed to offer a “stable” income stream to investors while still letting the company go full degen on BTC.

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Key Takeaways

  • Michael Saylor announced another Bitcoin buy for $2.46 billion.
  • It is one of the biggest BTC stacks, so no diversification is needed.
  • The post Strategy Fuels Bitcoin Treasury with $2.5B “Stretch” IPO, Adds 21,021 BTC appeared first on 99Bitcoins.



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    Adam Forsyth

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