Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each
Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, has completed a $2.52 billion initial public offering (IPO) of its STRC preferred stock and used the proceeds to purchase 21,021 Bitcoin at an average price of $117,256 per BTC, the company announced July 29.The STRC stock offering, the largest U.S. IPO of 2025 to date, involved 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock, priced at $90 per share. The stock is set to begin trading on the Nasdaq Global Select Market under the ticker symbol "STRC" starting July 30.The Michael Full story available on Benzinga.com
