Michael Saylor’s Strategy has purchased over 21,000 Bitcoin after raising $2.5 billion from a preferred stock offering, marking the largest initial public offering in the US for 2025. This significant acquisition, made at an average price of $117,256 per coin, increases Strategy's total Bitcoin holdings to 628,791 BTC. The funds were raised through the sale of 28 million shares of Variable Rate Series A Perpetual Preferred Stock (STRC) priced at $90 each. This IPO outstripped the anticipated $1 billion IPO of Circle Internet Group and is part of Strategy’s ongoing strategy to leverage financial mechanisms to acquire Bitcoin, affecting numerous publicly traded companies. Furthermore, STRC is expected to begin trading on the Nasdaq, being the first perpetual preferred security from a Bitcoin treasury company. Following the announcement, Strategy’s share price experienced a slight decline but is still up 31.55% year-to-date. This purchase precedes the company's upcoming earnings report, which will clarify the impacts of its capital raises and Bitcoin acquisition strategies to date.

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