Strategy’s IPO Fuels Massive Bitcoin Acquisition: 21,000+ BTC Added to Treasury
Strategy (STRC), the world’s largest corporate Bitcoin holder, has successfully concluded its initial public offering (IPO), raising a staggering $2.521 billion. This monumental IPO, the largest in the US for 2025 and a major event in the crypto space, saw the issuance of 28,011,111 shares of variable rate series A perpetual stretch preferred stock, priced at $90 per share. Trading is anticipated to commence on the Nasdaq Global Select Market around July 30, 2025.
Bitcoin Buying Spree
Strategy wasted no time leveraging its newfound capital. The company announced plans to acquire an additional 21,021 Bitcoin at an average price of $117,256 per coin. This purchase significantly boosts their existing holdings, bringing their total Bitcoin treasury to approximately 628,791 BTC, acquired at an aggregate cost of roughly $46.8 billion. The average purchase price across all holdings, inclusive of fees, stands at approximately $73,227 per Bitcoin.
Wall Street’s Bullish Outlook
This aggressive Bitcoin acquisition strategy, coupled with improved financial forecasts, has ignited a wave of optimism among analysts. NewsBTC reports projections of an 84% year-over-year reduction in losses per share for the second quarter. Furthermore, analysts foresee Strategy achieving profitability of $7.30 per share in 2025—a remarkable 209% increase compared to the previous year.
Price Target Increases
The bullish sentiment is reflected in upgraded price targets from several prominent financial institutions. TD Cowen raised its price target, and Barclays analyst Ramsey El-Assal increased their target for STRC from $421 to $475, maintaining an “Overweight” rating. Cantor Fitzgerald’s Brett Knoblauch, while slightly lowering his target to $614 from $619, also retained an “Overweight” rating. H.C. Wainwright further contributed to the positive outlook, raising their price target from $480 to $521. The consensus price target among 13 analysts currently stands at $543.62, with a high of $680 from TD Cowen. Despite this positive outlook, STRC closed the trading session down 9%, currently valued at $398 per share.
Bitcoin’s Performance
Meanwhile, Bitcoin is consolidating just 4% below its all-time high at approximately $117,250.
Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial advice.