According to Golden Finance, Strategy, a Bitcoin vault company led by Michael Saylor, announced the purchase of another 21021 bitcoins at an average purchase price of approximately $117300, bringing its total holdings to 628791 bitcoins and a current market value of approximately $74 billion. The funds for this coin purchase come from the fourth round of Strategy's "Stretch" preferred stock (STRC) issuance, with an issue price of $90 per share, raising approximately $2.521 billion, making it the largest IPO in the United States in 2025 and the largest perpetual preferred stock issuance in the US stock market since 2009.