Michael Saylor’s company Strategy, formerly known as MicroStrategy, has made another massive Bitcoin acquisition. The firm announced it has purchased 21,021 BTC for approximately $2.46 billion, funded through its recent $2.5 billion IPO of preferred shares under the ticker STRC.
The average purchase price was around $117,256 per Bitcoin, making this one of the largest single acquisitions in the history of corporate Bitcoin accumulation. With this move, Strategy now holds a total of 628,791 BTC, a stash currently valued at over $74 billion based on market prices.
This latest purchase was enabled by an overwhelming response to Strategy’s IPO. Initially planned at $500 million, the offering was expanded fivefold due to institutional demand. The STRC shares are listed on Nasdaq and structured as perpetual preferred stock, offering adjustable monthly dividends a model that blends digital asset exposure with traditional income-seeking instruments.
According to SEC filings and company statements, the proceeds were deployed almost entirely to acquire Bitcoin, staying in line with Saylor’s long-term strategy of using capital markets to continuously convert fiat assets into Bitcoin reserves.
Analysts from TD Cowen noted that Strategy may still have capacity to add over 17,000 more BTC without triggering significant equity dilution. The company has been executing this strategy since 2020, and its total historical investment in Bitcoin now exceeds $46 billion.
Saylor has long promoted Bitcoin as a superior treasury reserve asset, positioning Strategy as a pioneer in the intersection between corporate finance and decentralized money. The firm has used a variety of financial instruments including convertible debt, common shares, and now preferred stock to increase its BTC holdings with precision and scale.
The market has reacted strongly to this announcement, reinforcing confidence in Bitcoin’s institutional appeal and validating the asset’s growing role in long-term corporate strategy. Strategy’s move also sets a new benchmark for financial engineering in the crypto era, showing how traditional markets can be leveraged to accumulate scarce digital assets.
Source: Cointelegraph, The Block, SEC filings, Bloomberg, Bitcoin Magazine
