Strategy(MSTR) completes an epic IPO worth 2.8 billion USD! Invests 2.47 billion USD to increase BTC holdings, Wall Street collectively raises target price.

The world's largest Bitcoin holdings publicly traded company Strategy(MSTR) has successfully completed the largest IPO in the United States for 2025, issuing 28 million variable interest rate Series A perpetual elastic preferred shares at $90 per share, raising a total of $2.521 billion. The company announced that it will use net proceeds of approximately $2.474 billion to increase its holdings by 21,021 Bitcoins at an average price of $117,256, bringing the total holdings to approximately 628,791 BTC at an average cost of $73,227. This strategic move has sparked optimistic expectations on Wall Street, with several top investment banks collectively raising their target price for MSTR, with the highest reaching $680, and the market expects its earnings per share to surge 209% within the year.

Record IPO Achieved: Raising $2.521 Billion Aiming to Increase BTC Holdings Recognized as the world's largest Bitcoin (BTC) treasury company, MicroStrategy (Strategy, MSTR) has made headlines with its successful initial public offering (IPO). The company issued 28,011,111 shares of variable interest rate Series A perpetual elastic preferred stock.

The issuance is priced at $90 per share, making it the largest IPO in the United States in 2025, and one of the most significant cryptocurrency-related issuance events in recent years. The new shares, with the stock code MSTR, are expected to begin trading on the Nasdaq Global Select Market around July 30, 2025.

2.47 billion ammunition ready: plan to increase holdings by 21,021 BTC, total holdings approaching 630,000 coins According to the official announcement released on Tuesday, this IPO raised approximately $2.521 billion in gross proceeds, with net proceeds estimated at about $2.474 billion after deducting underwriting discounts and issuance costs. MicroStrategy plans to use these funds to acquire 21,021 Bitcoins at an average price of approximately $117,256 each. This acquisition will increase the company's total Bitcoin Holdings to about 628,791 coins, with a cumulative purchase cost of approximately $46.8 billion and an average purchase price of $73,227 per Bitcoin (including related fees and expenses).

Wall Street collectively bullish: target price as high as $680, EPS expected to rise by 209% These strategic moves have prompted analysts to predict a significant rebound in MicroStrategy's stock. According to NewsBTC, as Wall Street's outlook turns positive, they expect the company's second-quarter earnings per share loss to narrow significantly by 84% year-on-year. Analysts predict that MicroStrategy will achieve an earnings per share of $7.30 this year, compared to $2.36 from the previous year, marking an astonishing 209% growth.

Investment banks collectively raise target prices, bullish sentiment surges The bullish sentiment around MicroStrategy's stock is growing stronger, especially after TD Cowen raised its target price. Several analysts have raised their target prices, reflecting increased confidence in the company's strategic trajectory.

• Barclays (Barclays): Analyst Ramsey El-Assal raised the target price for MSTR from $421 to $475, maintaining an "Overweight" ( rating, emphasizing confidence in the company's initiatives.

• Cantor Fitzgerald )Cantor Fitzgerald(: Analyst Brett Knoblauch adjusted the target price from $619 to $614, maintaining a "buy" rating, believing that MicroStrategy can continue to expand its Bitcoin Holdings while maintaining its premium net asset value.

• H.C. Wainwright: The analyst raised the target price from $480 to $521, citing the company's revised 2025 guidance and its ambitious financing plans.

• Coverage Situation: The report further indicates that among the 13 analysts covering the stock, 11 have given a "Strong Buy" ) rating, 1 recommends a "Moderate Buy" (, and another 1 has issued a "Strong Sell" ) rating. The consensus target price is currently $543.62, while TD Cowen's highest target price reaches $680.

  (Source: TradingView)

Market Performance: MSTR Short-term Correction, BTC High-level Consolidation As of the writing of this article, MSTR closed down 9%, at $398 per share. On the other hand, the Bitcoin price is consolidating around $117,250, only about 4% lower than its all-time high.

Conclusion: MicroStrategy's record IPO and the subsequent massive Bitcoin accumulation plan once again demonstrate its steadfast strategy as a 'Bitcoin standard' publicly traded company. The investment of $2.47 billion into the Bitcoin market not only elevates the company's open interest to an unprecedented level of 630,000 coins but also conveys a strong confidence in the long-term value of digital assets to the market. The collective action of Wall Street investment banks raising target prices and significantly increasing profit expectations confirms the capital market's recognition of its business model and Bitcoin exposure value. Although the stock price has pulled back due to market volatility in the short term, under the backdrop of the Bitcoin spot ETF launch and accelerated institutional entry, MicroStrategy has become a benchmark bridge for traditional capital to embrace the cryptocurrency wave, thanks to its first-mover advantage and sustained strategic resolve. The future performance of its stock price will continue to be deeply tied to Bitcoin's trend and the market's overall confidence in digital assets.