Key Takeaways
- Technique raised $2.521 billion within the largest U.S. IPO of 2025.
- Proceeds funded the acquisition of 21,021 extra bitcoins at a median value of $117,256 every.
- Technique now holds roughly 628,791 bitcoins, acquired at a median value of $73,227 per coin.
Technique, the world’s largest Bitcoin Treasury Firm, introduced the completion of its preliminary public providing for 28,011,111 shares of Variable Charge Sequence A Perpetual Stretch Most popular Inventory (STRC), elevating roughly $2.521 billion.
The STRC shares have been priced at $90 every, making this the biggest U.S. IPO of 2025 and the biggest U.S. exchange-listed perpetual most popular inventory providing since 2009.
Proceeds used for bitcoin acquisition
Web proceeds of $2.474 billion have been utilized by Technique to amass 21,021 extra bitcoins at a median value of $117,256 per coin.
As of July 29, 2025, Technique’s complete bitcoin holdings reached roughly 628,791 BTC, with a median buy value of $73,227 per bitcoin, amounting to an combination $46.8 billion spent.
For detailed information on Technique’s (MicroStrategy) historic and present bitcoin holdings, see the MicroStrategy bitcoin holdings tracker.
Milestones and market significance
The STRC providing marks a number of trade milestones: it’s the first U.S. exchange-listed perpetual most popular safety issued by a Bitcoin Treasury Firm to pay month-to-month dividends, and the primary to include a board-determined month-to-month dividend fee coverage.
The instrument is designed to enchantment to income-focused traders looking for publicity to bitcoin.
Providing particulars and itemizing
STRC is anticipated to start buying and selling on the Nasdaq World Choose Market on or round July 30, 2025, beneath the ticker image STRC.
The providing was managed by Morgan Stanley, Barclays, Moelis & Firm, and TD Securities, amongst others.
The ultimate prospectus is offered on the SEC web site.