Strategy has acquired 21,021 bitcoins at an average price of $117,256 following its $2.47 billion Series A IPO, increasing its total holdings to 628,791 BTC valued at over $46.8 billion.
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Strategy raised $2.47 billion net through its Series A STRC IPO at $90 per share.
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The firm used the entire IPO proceeds to purchase 21,021 bitcoins, reinforcing its position as a leading institutional Bitcoin holder.
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According to COINOTAG data, Strategy’s BTC holdings now total 628,791 coins, acquired at an average cost of $73,227 per bitcoin.
Strategy expands bitcoin holdings post-IPO, acquiring 21,021 BTC at $117,256 each, raising total to 628,791 BTC worth $46.8B. Stay informed with COINOTAG.
How Did Strategy Expand Its Bitcoin Holdings After the STRC IPO?
Following its Series A IPO priced at $90 per share, Strategy raised approximately $2.47 billion net, which it fully invested in purchasing 21,021 bitcoins at an average price of $117,256. This acquisition increased its total bitcoin treasury to 628,791 BTC, valued at over $46.8 billion as of July 29, 2025. The move underscores Strategy’s commitment to Bitcoin as its primary treasury reserve asset.
What Are the Implications of Strategy’s Bitcoin Accumulation Amid Declining Whale Wallets?
While Strategy aggressively accumulates bitcoin, on-chain data from Alphractal indicates a decline in wallets holding over 10,000 BTC, dropping below 90 addresses—a level unseen in years. This divergence between rising bitcoin prices and decreasing large holders suggests a potential shift in market dynamics. Strategy’s continued accumulation contrasts with this trend, positioning it as a key institutional player maintaining confidence in Bitcoin’s long-term value.
What Is the Significance of the STRC Preferred Stock IPO?
The STRC preferred stock IPO, priced at $90 per share, became the largest U.S. public offering of 2025. Trading on the Nasdaq Global Select Market under the ticker “STRC,” these shares offer monthly dividends set by the board under a variable rate policy. This IPO provided Strategy with substantial capital to increase its bitcoin holdings and signals growing institutional interest in crypto-linked equities.
How Has Strategy’s Bitcoin Yield Performed in 2025?
Strategy reported a 25.0% year-to-date return on its bitcoin holdings as of July 29, 2025. This strong performance validates the firm’s accumulation strategy and highlights the potential profitability of maintaining a substantial bitcoin treasury amid volatile market conditions.
Metric | Value | Comparison |
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BTC Acquired Post-IPO | 21,021 BTC | New purchase |
Total BTC Holdings | 628,791 BTC | Largest institutional treasury |
Average Purchase Price | $73,227 per BTC | Below current market price |
YTD BTC Yield | 25.0% | Strong institutional return |
Why Is Strategy’s Bitcoin Accumulation Important for the Crypto Market?
Strategy’s aggressive bitcoin accumulation post-IPO highlights institutional confidence in Bitcoin’s long-term value. Amid declining whale wallets and growing retail interest, this move may stabilize market sentiment. The firm’s large treasury and positive yield emphasize its role as a key market participant influencing crypto asset dynamics.
What Are Analysts Saying About the Current Market Divergence?
Analysts note the unusual trend where bitcoin prices rise despite a reduction in large whale wallets, potentially signaling weakening long-term support. However, Strategy’s continued buying activity provides a counterbalance, suggesting institutional investors remain bullish. Market watchers anticipate volatility as retail and institutional behaviors diverge.
Frequently Asked Questions
How did Strategy fund its recent bitcoin purchase?
Strategy raised $2.47 billion net through its Series A IPO of STRC preferred stock, using the entire amount to acquire 21,021 BTC at an average price of $117,256 per coin.
Why are whale wallets declining while bitcoin prices rise?
Large bitcoin holders are reducing their wallet counts, possibly taking profits or redistributing assets, even as prices increase. This divergence may indicate shifting market dynamics and warrants close observation.
Key Takeaways
- Strategy raised $2.47 billion via IPO: Fully invested in acquiring 21,021 bitcoins at $117,256 each.
- Total bitcoin holdings now 628,791 BTC: Valued at over $46.8 billion, reinforcing institutional dominance.
- Market divergence noted: Declining whale wallets contrast with rising prices, highlighting evolving crypto market trends.
Conclusion
Strategy’s recent bitcoin acquisition post-IPO solidifies its position as a leading institutional holder, demonstrating strong confidence in Bitcoin’s future. Despite contrasting market signals from whale wallet declines, Strategy’s accumulation and positive yield underscore the growing institutional influence shaping crypto markets. Continued monitoring of these trends will be essential for investors navigating 2025’s evolving landscape.

Strategy’s bitcoin acquisition announcement on July 29, 2025.
Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC acquired for ~$46.08 billion at ~$73,277 per bitcoin. $MSTR $STRK $STRF $STRD $STRC Strategy (@Strategy) July 29, 2025