Strategy Buys 21,021 Bitcoin After $2.5B Raise – Holdings Hit $46.8B

Highlights:

• Strategy raised $2.5B by selling STRC shares, then bought 21,021 more Bitcoins.
• Now holding 628,791 BTC, Strategy’s total Bitcoin value exceeds a massive $46.8 billion.
• It marked 2025’s biggest IPO, doubling Circle’s raise and fueling more corporate Bitcoin moves.

Michael Saylor’s firm, Strategy, announced that it purchased 21,021 Bitcoin after raising $2.5 billion through the sale of its Variable Rate Series A Perpetual Preferred Stock (STRC). The firm sold 28 million STRC shares at $90 each to reach the $2.521 billion total. After subtracting expenses, Strategy received $2.474 billion. The offering began at $500 million but was increased due to overwhelming investor interest.

The company shared on Tuesday that it paid an average of $117,256 per BTC in this latest purchase. With this new purchase, Strategy now holds a total of 628,791 bitcoins. The company bought them at an average price of $73,227 each. Its total Bitcoin value has crossed $46.8 billion, making it the biggest corporate holder of Bitcoin in the world. 

Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC acquired for ~$46.08 billion at ~$73,277 per bitcoin. $MSTR $STRK $STRF $STRD $STRC https://t.co/PEQQGfvkYe

— Michael Saylor (@saylor) July 29, 2025

Strategy Launches Biggest 2025 IPO

Strategy’s offering became the largest initial public offering (IPO) in the United States for 2025 based on total funds raised. It was over twice the size of Circle Internet Group’s $1 billion IPO, which took place in June and had been highly anticipated. This is Strategy’s latest move in using financial tools to buy Bitcoin. To fund its BTC purchases, the firm has used loans, convertible notes, and stocks. Its approach has inspired at least 160 public companies to add cryptocurrency to their balance sheets.

Strategy announced STRC will start trading on Nasdaq on Wednesday as the first U.S.-listed perpetual preferred share from a Bitcoin-holding company with monthly dividends. The dividend is adjusted by the board and is designed for investors who want regular income. Each STRC share pays a monthly dividend, which adds up to about 9% per year. The board can increase or decrease this rate by 0.25% each month. 

STRC marks the fourth preferred share Strategy that has been introduced to back its Bitcoin acquisitions. Strategy has introduced other preferred shares before this. One of them is Strike (STRK), which is convertible and offers an 8% fixed dividend. Another option is Strife (STRF), offering a 10% cumulative yield as a non-convertible share. The third, Stride (STRD), provides a 10% non-cumulative dividend.

Driving the digital transformation of IPOs with $BTC.$STRK $STRF $STRD $STRC pic.twitter.com/ydraj0QTKt

— Strategy (@Strategy) July 28, 2025

Why Bitcoin Price Is Struggling Despite Growing Investor Interest

Bitcoin’s price moves are influenced by many factors, including both on-chain signals and broader market conditions. While on-chain data reveals that whale investors are actively accumulating Bitcoin, short-term holders and spot traders remain cautious. Many expect heightened volatility ahead of Wednesday’s FOMC statement and interest rate decision.

CoinGlass data shows Bitcoin Futures Open Interest on CME dropped over 5% to $16.9 billion. This suggests some panic selling. Even so, total Bitcoin OI is still higher than last quarter and last year. This means the long-term bullish outlook is still strong. At the time of writing, Bitcoin was trading at $118,269, showing a 1% decrease in the past 24 hours.