Strategy Incorporated (MSTR) Raises $2.5B in IPO, Acquires 21,021 Bitcoins

Strategy Incorporated (NASDAQ:MSTR) is one of the best performing crypto stocks so far in 2025. On July 29, Strategy announced it had raised $2.521 billion through an IPO by selling over 28 million shares of its preferred stock at $90 each. The company used most of the money—about $2.474 billion—to buy 21,021 Bitcoins at an average price of $117,256 each.

This was the biggest U.S. IPO of 2025 and the largest offering of its kind since 2009. Due to strong interest from investors, the offering was increased from its original target of $500 million. The stock began trading on the Nasdaq Global Select Market on July 30; it will be listed under the ticker symbol “STRC.”

Strategy’s acquisition of additional Bitcoin brings the total holdings to 628,791 BTC as of July 29, 2025. This brings the aggregate acquisition cost to around $46.8 billion, with an average purchase price of $73,227 per token, inclusive of fees and expenses.

Strategy Incorporated (NASDAQ:MSTR) is a bitcoin treasury and software company. It holds the largest corporate bitcoin reserve globally, with over 628,000 BTC acquired through equity offerings, debt instruments, and operational cash flows. The company’s primary business model centers on accumulating bitcoin as a long-term store of value and offering investors exposure through various securities.

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Disclosure: None. This article is originally published at Insider Monkey.