Strategy acquires $2.46 billion in bitcoin, its largest buy since March

Just a few days before releasing its second-quarter earnings, Strategy announced it acquired 21,021 bitcoin for $2.46 billion, using the proceeds from its upsized $2.5 billion (from an initial $500 million) STRC preferred stock sale. STRC is set to begin trading on the Nasdaq Global Select Market today under the ticker symbol “STRC.”

Strategy was flat in premarket trading.

This was the company’s largest bitcoin acquisition since March, and the number acquired is a nod to bitcoin’s finite 21 million supply.

The company, the largest corporate bitcoin holder, now has 628,791 bitcoin, acquired for $46.8 billion at an average purchase price of $73,227 per token.

Strategy said the STRC transaction was “the largest U.S. IPO completed in 2025 to date based on gross proceeds and the largest U.S. exchange-listed perpetual preferred stock offering in the U.S. since 2009.”