Strategy, a company known for its significant investments in Bitcoin, has reported the acquisition of 21,021 Bitcoin totaling $2.5 billion, making it the largest IPO in the US for 2025.
Bitcoin Purchase and IPO
Strategy, which has the largest Bitcoin reserves among public companies, announced it purchased 21,021 Bitcoin at an average price of $117,256 per coin. This increases the company's total stash to 628,791 Bitcoin. The purchase was made in the framework of the IPO where the company raised $2.5 billion by selling 28 million shares of Series A Perpetual Preferred Stock (STRC) at $90 each.
Growth Strategy and Influence on Other Companies
The company noted that using financial products to buy Bitcoin has led at least 160 public companies to begin including cryptocurrency on their balance sheets. By utilizing various financial instruments, such as equity, debt, and convertible notes, Strategy has influenced the broader cryptocurrency market.
Market and Financial Metrics
Following the announcement of the Bitcoin purchase, shares in Strategy (MSTR) closed down 2.26% but showed a modest increase of 0.52% after-hours, reaching $396.7. Despite recent volatility, the company’s shares are up 31.55% year-to-date, a modest rise compared to the 358.55% increase seen in 2024.
Thus, Strategy's successful capital raising and Bitcoin acquisition highlight the growing interest in cryptocurrency among public companies and a wide range of approaches to its integration into financial strategies.
