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Benzinga
Benzinga
Business
Murtuza J Merchant

Strategy Upsizes $500 Million IPO To $2.5 Billion: Which Other Companies Are Buying Bitcoin?

Bitcoin Strategy MSTR Nasdaq Michael Saylor Crypto STRC
Apex,,North,Carolina,-,April,23,2025:,Strategy,Microstrategy,Mstr

Strategy (NASDAQ:MSTR) on Friday announced it has increased its initial public offering from $500 million to $2.521 billion to fund Bitcoin (CRYPTO: BTC) purchases.

What Happened: The offering, priced on July 24, involves 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at $90 per share, with net proceeds estimated at $2.474 billion after expenses.

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