🚨 Strategy (MSTR) Converts IPO Cash Into Massive Bitcoin Buy — Over 21,000 $BTC Acquired! 🚨
Strategy, the world’s largest Bitcoin treasury holder, has officially closed its blockbuster IPO — raising $2.474 billion net from the sale of 28 million+ preferred shares at $90 each. This marks the biggest U.S. IPO of 2025, with STRC shares set to debut on Nasdaq on July 30.
With these funds, Strategy is purchasing 21,021 $BTC at an average price of $117,256, boosting its total Bitcoin holdings to 628,791 BTC worth $46.8B. That places their average $BTC acquisition cost at $73,227 including all expenses.
Wall Street is turning bullish:
Barclays raised its MSTR target from $421 → $475 (Overweight)
H.C. Wainwright lifted its target from $480 → $521
TD Cowen’s highest forecast: $680
Consensus price target now sits at $543.62
Analysts expect Q2 losses to shrink by 84% YoY, with projected EPS growth of 209% this year. With 11 of 13 analysts rating the stock a “Strong Buy”, Strategy’s bold Bitcoin bet is being met with optimism.
This move further cements Strategy’s position as the dominant corporate force in Bitcoin accumulation.