Strategy, the Bitcoin vault company led by Michael Saylor, announced it has purchased an additional 21,021 Bitcoins at an average price of approximately $117,300, bringing its total holdings to 628,791 Bitcoins, equivalent to approximately $74 billion at current market capitalization. This purchase was funded by Strategy's fourth round of "Stretch" preferred stock (STRC) offerings, which were priced at $90 per share and raised approximately $2.521 billion. This marks the largest US IPO of 2025 to date and the largest perpetual preferred stock offering in the US stock market since 2009.