Group 1 - Strategy Company (MSTR.US) completed its $2.52 billion IPO of STRC preferred shares on July 29, 2025, using the funds to purchase 21,021 bitcoins at an average price of $117,256 [1] - The STRC stock issuance is the largest IPO in the U.S. in 2025, with 28,011,111 shares of Series A floating-rate perpetual preferred stock issued at $90 per share, trading on NASDAQ under the ticker "STRC" starting July 30 [1] - After deducting fees and expenses, the company netted approximately $2.474 billion, which was immediately invested in bitcoin, increasing its total bitcoin holdings to 628,791 coins with a total acquisition cost of $46.8 billion and an average purchase price of $73,227 [1] Group 2 - STRC's issuance marks several industry firsts, being the first perpetual preferred stock issued by a U.S. bitcoin treasury company and the first security product with a board-determined interest mechanism for monthly dividends [1] - The innovative short-term, yield-oriented structure aims to broaden coverage for yield-sensitive investors [1] - Strategy currently has four listed securities on NASDAQ (MSTR, STRK, STRF, STRD), and the addition of STRC further solidifies its strategy of raising funds through capital market tools to directly acquire bitcoin [2]