Michael Saylor Doubles Down: STRC IPO Skyrockets as Bitcoin Accumulation Strategy Intensifies

Wall Street’s latest IPO darling just got a crypto-powered boost—and Michael Saylor’s fingerprints are all over it.

The MicroStrategy playbook strikes again

STRC’s market debut surged 48% in early trading as Saylor’s signature Bitcoin-hoarding strategy became the company’s not-so-secret weapon. Because nothing says ‘disruptive tech’ like recycling a 2020 corporate treasury gambit.

Bullish or reckless? The BTC balance sheet shuffle

Insiders confirm the freshly public firm is already converting cash reserves into Bitcoin—mirroring MicroStrategy’s controversial (but lucrative) approach. Because when traditional revenue models fail, there’s always digital gold speculation.

The new IPO math: Market cap = BTC holdings × hype

Saylor’s latest protégé proves Wall Street still hasn’t learned its lesson from the 2021 SPACpocalypse. But who needs fundamentals when you’ve got a laser-eyed Bitcoin maximalist whispering in your ear?

TLDR

• Strategy has increased its STRC preferred stock offering from $500 million to $2 billion.
• The company plans to use the raised capital to purchase more Bitcoin for its treasury.
• Strategy recently acquired 6,220 BTC worth $739 million, bringing its total holdings to 607,770 BTC.
• The STRC shares will take priority over other preferred stocks except for the Strife stock.
• The STRC offering is Strategy’s fourth preferred stock after STRD, STRF, and STRK.

Michael Saylor’s firm Strategy has raised its STRC preferred stock offering from $500 million to $2 billion. This increase supports the company’s ongoing expansion of its Bitcoin holdings. Strategy recently added 6,220 BTC worth $739 million, increasing its treasury to 607,770 BTC.

The move aligns with its pattern of leveraging equity offerings to grow its bitcoin portfolio. Strategy’s updated offering involves Series A Perpetual Stretch preferred shares, set to price today. The company had initially planned to issue five million shares at $100 each.

This expanded raise makes STRC the fourth preferred stock issued by the company. It follows previous offerings including STRD, STRF, and STRK. The STRC stock will rank below the Strife stock but above others in seniority.

STRC Offering Expanded Amid Bitcoin Acquisition

According to Bloomberg, the company increased the STRC offering after investor demand exceeded initial expectations. Strategy aims to use the raised funds to buy more Bitcoin and strengthen its market position. The STRC shares take priority over STRK, STRF, and common stock MSTR.

However, they remain subordinate to the previously launched Strife stock. Strategy has not yet allocated proceeds from its ongoing $4.2 billion STRD offering. All recent Bitcoin purchases were made using funds from MSTR stock sales.

The company continues to focus on increasing Bitcoin holdings amid price movements in the market. The latest 6,220 BTC acquisition highlights Strategy’s consistent accumulation strategy. Its holdings now make up the largest corporate Bitcoin treasury globally.

Strategy Leads Bitcoin Treasury Race

Strategy currently holds over 12 times more BTC than MARA Holdings, the second-largest corporate Bitcoin holder. MARA plans to raise $850 million to boost its BTC reserves, bringing additional competition to the market. However, Strategy remains ahead by a significant margin.

MARA’s total stands at approximately 50,000 BTC, far below Strategy’s 607,770 BTC stash. Despite Bitcoin’s recent correction from its peak of $123,000, Strategy continues its long-term accumulation strategy. The firm has not slowed down its capital raises or acquisitions.

Meanwhile, Strategy’s stock traded NEAR $413, reflecting minor changes despite the announcement. TradingView data shows a drop of 8% from the week’s high of $445. Nevertheless, the stock remains up over 37% year-to-date, with eyes now on the upcoming earnings report.