Michael Saylor’s Strategy Buys $2.5B in BTC

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Michael Saylor’s Strategy just made another bold move in its Bitcoin accumulation playbook—adding 21,021 BTC to its already massive treasury.

The latest purchase, averaging $117,256 per Bitcoin, brings the company’s total stash to 628,791 BTC (worth ~$74 billion), further cementing its position as the world’s largest corporate Bitcoin holder.

So how did Strategy fund this nearly $2.5 billion splurge? Through its fourth preferred stock offering, dubbed STRC. The company issued over 28 million shares at $90 apiece, marking the biggest U.S. IPO of 2025 and the largest perpetual preferred stock sale in over 15 years.

In a statement, Strategy highlighted the significance of the deal, framing it as a milestone for both the company and the broader market. Since its first Bitcoin purchase in August 2020, Strategy has led the charge in corporate crypto adoption, turning the “digital asset treasury” (DAT) strategy into a Wall Street trend.