Key Takeaways
- Michael Saylor’s firm, Strategy, now holds 628,791 BTC with a total value of $46.08 billion.
- To fund the latest Bitcoin purchase, Strategy completed a $2.5 billion perpetual preferred stock offering, marking the largest U.S. IPO of 2025.
- While Strategy leads in Bitcoin, Ethereum is emerging as a growing corporate treasury asset.
Michael Saylor’s Strategy has announced that it has purchased approximately 628,791 bitcoins, worth a total of $46.08 billion at an average price of $73,277 per BTC.
This follows the company’s latest acquisition of 21,021 BTC on July 29, as Saylor continues his aggressive expansion of the firm’s Bitcoin strategy.
Strategy Acquires 628,791 BTC
On July 29, Strategy purchased 21,021 BTC after raising $2.5 billion from its fourth preferred stock offering.
The purchase, which averaged $117,256 per coin, brought the company’s total holdings to 628,791 BTC.
- Michael Saylor announces Bitcoin buy | Credit: Michael Saylor / X
Since initiating its Bitcoin treasury strategy in 2020, the firm has acquired bitcoin worth approximately $46.08 billion, with an average purchase price of $73,277 per BTC.
Saylor announced the purchase on X, writing that it had achieved a “BTC Yield of 25.0% YTD 2025.”
Strategy’s Public Offering
Strategy, formerly known as MicroStrategy, raised $2.5 billion by selling 28 million shares of Variable Rate Series A Perpetual Preferred Stock (STRC) at $90 per share.
In a press release, the company stated the sale generated $2.521 billion in gross proceeds, which it claims is the largest U.S. IPO completed in 2025.
It is also “the largest U.S. exchange-listed perpetual preferred stock offering in the U.S. since 2009,” the firm said.
STRC began trading on Nasdaq on Wednesday, July 30.
Strategy described it as “the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin Treasury Company to pay monthly dividends.”
The perpetual preferred stock offering is one of several financial instruments Strategy is using to fund its aggressive Bitcoin acquisition campaign.
ETH Treasuries Gaining Steam
Ethereum is increasingly becoming the asset of choice for treasury strategies among some companies.
The most high-profile example is SharpLink Gaming, which currently holds over 438,000 ETH, worth approximately $1.69 billion, according to data from Lookonchain.
On July 28, SharpLink Gaming acquired an additional 77,210 ETH, further solidifying its status as the second-largest corporate holder of ETH.
In a post on X, the firm stated: “Banks close on weekends. Ethereum runs 24/7.”
The largest corporate holder of Ethereum is BitMine Immersion, a firm that previously focused on Bitcoin mining.
BitMine now holds a total of 566,776 ETH after pivoting away from Bitcoin under the guidance of Fundstrat’s Tom Lee.
The company raised over $1.8 billion through a share offering specifically to acquire ETH, with ambitions to control 5% of the total ETH supply.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
