Michael Saylor’s Strategy Upsizes STRC IPO to $2.4B for Bitcoin Purchases

Michael Saylor's Strategy, previously MicroStrategy, will upsize its STRC IPO offering to raise $2.4 billion to buy more Bitcoin.
By Boluwatife Adeyemi
Updated July 25, 2025
An image to represent Michael Saylor's Strategy and Bitcoin

Highlights

  • Strategy is set to upsize its STRC IPO to $2.4 billion from $500 billion.
  • It will use the net proceeds to buy more Bitcoin, further expanding its 607,770 BTC treasury.
  • The MSTR stock is down over 2% amid this announcement.

Michael Saylor’s Strategy, previously MicroStrategy, is again looking to expand its Bitcoin holdings with a new $2.4 billion raise. This follows an upsize in its STRC stock offering, which it announced earlier this week.

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Strategy To Raise $2.4 Billion Through STRC IPO

In a press release, the company announced plans to sell 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock at a public offering price of $90 per share. It further stated that the issuance and sale of the STRC stock is likely to conclude on July 29.

Strategy estimates that the net proceeds to it from the offering will be approximately $2.474 billion, representing an increase from the initial proposed capital raise of $500 million. The company intends to use the net proceeds to acquire more Bitcoin.

As CoinGape reported, Strategy had announced the STRC initial public offering earlier this week, marking the fourth in its lineup of preferred stocks following the launch of STRD, STRF, and STRK. The company initially planned to offer 5 million shares to investors at $100 per share.

The STRC stock will take precedent over the Strike, Stride, and MSTR stocks, but will still rank lower than the Strife preferred stock. This latest raise comes just as Saylor’s company acquired 6,220 BTC for $739 million, expanding its treasury to 607,770 BTC.

It is worth noting that Strategy also has an impending $4.2 billion raise through its STRD offering. The company has yet to use proceeds from this raise to buy Bitcoin, as its recent purchases have been from MSTR stock sales.

Meanwhile, this latest capital raise plan comes amid Bitcoin miner MARA Holdings’ plans to raise $850 million to purchase more BTC. Both companies rank as the first and second largest Bitcoin treasuries, although Saylor’s company is well ahead, with MARA boasting 50,000 BTC.

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MSTR Stock Down Over 2%

The MicroStrategy stock has declined amid this development. TradingView data shows that the Strategy stock is trading around $405, down over 2% today. The stock is also down 8% from a 5-day high of $445.

MSTR Daily Chart
Source: TradingView

This coincides with the Bitcoin price correction, with the flagship crypto down from its recent high of around $123,000. However, the MSTR stock is still up 11% in the past month and up over 38% year-to-date (YTD). All eyes are also on the company’s earnings report, which comes up on July 31, with the company set to report an unrealized $14 billion gain on its Bitcoin investment.

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Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
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