Micro Strategy Strategy adds another $2.46 billion in Bitcoin! Completed the largest STRC preferred stock IPO this year, BTC fell below 118,000 mg

Strategy completed US$2.521 billion in STRC perpetual preferred stock fundraising, and used the funds to increase its holdings of more than 20,000 Bitcoins, bringing its holdings to 628,791 BTC.
(Preliminary summary: MicroStrategy spent US$470 million to increase its position in 4,225 Bitcoins, making a profit of 30 billion magnesium! The market value of MSTR exceeded 120 billion)
(Background supplement: Is MicroStrategy going to sell Bitcoin? CryptoQuant Warning: New accounting and taxes force Strategy to pay taxes)

Contents of this article

Michael Saylor, the founder of MicroStrategy, which dominates the Bitcoin holdings of listed companies in the United States, announced through the Bitcoin costs an average of $117,256.

Currently, Strategy’s currency holdings have reached 628,791, accounting for approximately 3% of global circulation. The market capitalization is estimated at nearly $80 billion, far higher than the cumulative cost of $46.8 billion.

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

Funding sources and operating rhythm

Strategy also submitted an official press release yesterday, announcing that it raised US$2.521 billion through the STRC perpetual preferred stock IPO, which temporarily ranked first in the United States this year and also set a new record for the largest perpetual preferred stock after 2009.

STRC issued 28,011,111 shares at $90 per share. The perpetual design with variable interest rates and no maturity date allows the company to obtain cash without moving common shares while maintaining capital flexibility. The offering is jointly managed by Morgan Stanley, Barclays, Moelis & Company and TD Securities. Wall Street's top institutions gathered to show support for the Strategy model.

STRC Perpetual Preferred Stock Design

STRC’s annual dividend target is 9%, which is paid monthly, and the interest rate floats with the 1-month SOFR. The board of directors could see the share price fine-tune 0.25% per month, with a target of $100. The deferral clause allows the company to suspend dividend payments during times of cash crunch.

Investors get two layers of protection: they have priority in receiving dividends higher than ordinary stocks, and they can share in the appreciation of Bitcoin. The structure blurs asset boundaries, allowing conservative funds to access crypto themes through dividend tools.

Bitcoin fell below US$118,000

However, despite the continuous increase in micro-strategic positions, the price of Bitcoin is still fluctuating at a high point. After briefly breaking through US$119,000 yesterday (29th), it fell again at the opening of US stocks. It was currently trading at US$117,795 at the time of writing, down 0.48% in the past 24 hours.

In addition, it should be noted that the Federal Reserve will hold an additional US$2.46 billion in Bitcoin at 02:00 on the 31st Taiwan time. The latest interest rate decision was announced. Although the market is still generally expected to keep interest rates unchanged, there are still potential risks of volatility. Investors are advised to pay attention.