Breaking: Strategy Files $4.2 Billion STRC Offering To Buy More Bitcoin

In a massive development, Michael Saylor’s Strategy is again looking to expand its Bitcoin treasury by raising more capital through stock sales. The company just filed with the SEC a $4.2 billion offering for its recently issued Bitcoin-backed security, STRC.

Strategy To Raise $4.2 Billion Through STRC Sale For More Bitcoin Purchase

In an SEC filing, the company announced that it has entered into a Sales Agreement with TD Securities, Barclays Capital, The Benchmark Company, Clear Street, and Morgan Stanley. This agreement relates to the sale of shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).

Under the Sales Agreement, Strategy may offer and sell shares of its STRC Stock with an aggregate offering price of up to $4.2 billion. The company noted that the STRC Stock is listed on the Nasdaq and last traded at $94.50 per share. However, there is no definite period for when it plans to carry out the stock sale.

Furthermore, Saylor’s company revealed that it plans to use the net proceeds for general corporate purposes, including acquiring Bitcoin. The company also noted that it hasn’t decided on the amount of the net proceeds it intends to use for these purposes.

This development comes just two days after Strategy completed a $2.521 billion raise from the STRC IPO. On the same day, the company announced that it had used $2.46 billion out of the $2.474 billion net proceeds to buy 21,021 BTC. It now holds 628,791 BTC, which it acquired for $46.8 billion and at an average purchase price of $73,227 per Bitcoin.

Company Posts $14 Billion In Operating Income

Strategy’s Q2 earnings report shows that the company posted an operating income of approximately $14.03 billion for the second quarter of the year. This represents a 7,106.4% increase year-over-year.

The company noted that the operating income for Q2 2025 includes an unrealized gain of $14 billion on its Bitcoin holdings. This is the second quarterly period in which the company has applied fair value accounting.

Meanwhile, Strategy’s President and Chief Executive Officer (CEO) Phong Le highlighted the growth of the company’s Bitcoin holdings in the second quarter of this year. He noted that they expanded their holdings to 628,791 BTC, raised over $10 billion through At-The-Market (ATM) programs and IPOs, and saw growing institutional and retail demand for their BTC-backed securities.

Notably, the company raised $584 million, $723 million, and $1 billion from the STRK, STRF, and STRD offerings, respectively. Furthermore, Phong Le remarked that STRC, which was their largest ever IPO, demonstrated how they have amplified their Bitcoin holdings through “intelligent leverage.”

As a result, Strategy’s overall capital raising activities have increased its Bitcoin per Share (BPS) by over 25% year-to-date. The company is also raising its full-year BTC Yield and BTC Gain KPI targets to 30% and $20 billion, respectively.