Strategy (Nasdaq: MSTR, STRK, STRF, STRD), the largest corporate Bitcoin (BTC) holder, has made a bold move to strengthen its balance sheet. The Bitcoin treasury company announced on Tuesday, July 29, that it had closed its initial public offering of around 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at a public offering price of $90, thus raising about $2.52 billion.
Strategy announced that the proceeds from the IPO of the newly formed vehicle were used to purchase 21,021 Bitcoins.
“Strategy has acquired 21,021 BTC for around $2.46 billion at about $117,256 per Bitcoin and has achieved a BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 BTC acquired for approximately $46.08 billion at around $73,277 per Bitcoin,” Michael Saylor, Chairman at Strategy, noted.
Strategy’s STRC fundraising was the largest U.S. IPO in 2025 to date. The company has led an army of 282 corporations that have accumulated over 3.61 million Bitcoins to date, according to BitcoinTreasuries.
More institutional investors have implemented a Bitcoin treasury management system to beat inflation and macroeconomic uncertainties.
Bitcoin price is affected by a wide range of factors, both on-chain and external fundamentals. Although on-chain data shows an aggressive accumulation of Bitcoin by whale investors, short-term holders and spot traders have been expecting heightened volatility ahead of Wednesday’s FOMC statement and the Fed’s federal funds rate announcement.
According to market data from Coinglass, Bitcoin’s Futures Open Interest (OI) dropped by over 5 percent on CME to $16.9 billion, signaling mild panic selling. Nonetheless, the overall BTC’s OI remained elevated compared to last quarter and year, thus signaling that a macro bullish outlook remains strong.
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