Among listed companies in the United States, Strategy has once again conducted a large-scale purchase of Bitcoin (BTC). The company announced on the 30th (local time) that it raised $2.5 billion through newly issued preferred stock STRC and additionally purchased 21,021 Bitcoins.
The purchase price per unit is $117,256, which is the largest single scale since the end of March. The cumulative holdings amount to a total of 628,791 BTC. The strategy, previously known as 'MicroStrategy', has continued an aggressive Bitcoin purchasing strategy under the leadership of founder Michael Saylor.
Strategy sold 28 million shares at $90 per share through this preferred stock issuance, which is 5 times the initial target of $500 million. The company emphasized that this was the largest IPO in the United States this year. This exceeds more than twice the $1 billion IPO of Circle Internet Group, a stablecoin issuer listed in June.
This large-scale fundraising and additional Bitcoin purchase by Strategy is seen as proof that institutional demand remains robust. In particular, the structure of a listed company raising large funds through preferred stocks and directly investing in cryptocurrencies is drawing attention as a rare case.
Market experts are paying attention to the possibility that this case may influence future corporate direct cryptocurrency investment trends. There are also analyses that Strategy's recent IPO performance is maximizing its role as a niche investment method that emerged after Bitcoin ETF listing.
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