Strategy Acquires 21,021 Bitcoin, Now Holds 628,791 Coins: Why Is BTC Price Dropping?

Strategy (Nasdaq: MSTR, STRK, STRF, STRD), the largest corporate Bitcoin (BTC) holder, has made a bold move to strengthen its balance sheet. The Bitcoin treasury company announced on Tuesday, July 29, that it had closed its initial public offering of around 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at a public offering price of $90, thus raising about $2.52 billion.

Strategy announced that the proceeds from the IPO of the newly formed vehicle were used to purchase 21,021 Bitcoins.

Strategy has acquired 21,021 BTC for around $2.46 billion at about $117,256 per Bitcoin and has achieved a BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 BTC acquired for approximately $46.08 billion at around $73,277 per Bitcoin,” Michael Saylor, Chairman at Strategy, noted.