Bold Move: 21,021 Bitcoin Snapped Up Post-$2.5B ’Stretch’ Stock IPO—Bullish Signal or Desperation Play?

Wall Street meets crypto in a jaw-dropping power move.

After a record-shattering $2.5 billion IPO for its controversial 'Stretch' stock, an unnamed institutional player just deployed a staggering 21,021 BTC buy order—enough to make even Michael Saylor raise an eyebrow.

The big question: Strategic conviction or yield-chasing theater?

While traditional finance scrambles to spin this as 'innovation,' skeptics note the timing reeks of post-IPO liquidity burn. One thing's certain: when whales make bets this public, markets pay attention—whether through price pumps or eventual collateral damage.

Welcome to 2025's casino, where stock tickers and blockchain ledgers blur into one high-stakes roulette wheel.

Strategy STRC Offering: From $500M Pitch to $2.5B BTC Juggernaut

Initially marketed as a $500 million raise just last week, Strategy’s offering quickly ballooned amid institutional interest. The STRC Series A shares carry a 9% dividend and represent the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin treasury company with a board-determined monthly dividend rate policy.

Michael Saylor’s @MicroStrategy has expanded its preferred equity sale to $2B from $500M to acquire more Bitcoin.#Strategy #Bitcoin #MicroStrategyhttps://t.co/E0t1v4QWC1

This is also the largest U.S. exchange-listed perpetual preferred stock offering since 2009 and the largest U.S. IPO of 2025, based on gross proceeds.

Following this purchase, Strategy now holds 628,791 BTC, acquired at a total cost of $46.8 billion with an average purchase price of $73,227 per BTC, including fees. The firm has consistently led corporate BTC adoption, often issuing new debt or equity to fund continued accumulation.

This latest haul, powered by the Stretch offering, reaffirms Saylor’s long-term conviction in Bitcoin as “digital property,” while also introducing a new financial instrument designed to attract income-focused investors to the crypto ecosystem.

Between July 14 and July 20, Strategy raised $740.3 million across four classes of securities, including common stock and various preferred shares. These offerings fall under large multibillion-dollar issuance programs, some authorized for as much as $21 billion per class, showing Saylor’s continued ability to systematically convert equity into long-term Bitcoin reserves at an institutional scale.