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
Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each
