Strategy Buys $2.46B Bitcoin As ETH Firm BTCS Plans $2B Raise

Corporate crypto accumulation continues after Michael Saylor’s Strategy purchased $2.46 billion worth of Bitcoin and Ethereum treasury firm BTCS Inc. said it will raise $2 billion to buy more crypto.

Strategy’s latest purchase was funded by a $2.521 billion offering of preferred stock known as STRC, which has now claimed the title as the largest initial public offering (IPO) of 2025. 

Strategy Buys Over 0.1% Of BTC’s Supply In Latest Purchase

Saylor shared the news of the latest Bitcoin buy on X, noting that the company acquired 21,021 BTC at an average purchase price of $117,256 per coin.

Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC acquired for ~$46.08 billion at ~$73,277 per bitcoin. $MSTR $STRK $STRF $STRD $STRC https://t.co/PEQQGfvkYe

— Michael Saylor (@saylor) July 29, 2025

That equates to over 0.1% of Bitcoin’s total supply of 21 million coins. Prior to the recent Bitcoin buy, Strategy was already the largest corporate BTC holder by a comfortable margin.

Data from Bitcoin Treasuries shows Strategy now holds 626,791 BTC after the recent purchase. These holdings were acquired for a total of $46.08 billion.

Its stash is far greater than that of MARA Holdings, the second-biggest corporate Bitcoin holder, with its stockpile of 50,000 BTC. 

Strategy also now sits on an unrealized profit of more than $28.1 billion, SaylorTracker shows. 

Ethereum Treasury Firm Signals More Crypto Acquisitions Coming

Strategy is not the only company making billion-dollar crypto moves. Ethereum treasury firm BTCS announced via a filing that it plans to sell shares worth up to $2 billion to buy more crypto.

The company said in an S-3 registration statement submitted to the US Securities and Exchange Commission (SEC) that it seeks to sell common shares through a series of offerings. 

“We intend to use the net proceeds from the sale of the securities by us to provide additional funds for purchasing digital assets, working capital, and other general corporate purposes,” the company said.

Alongside that $2 billion raise, BTCS also filed for the resale of over 5 million shares of common stock that was issued through existing convertible notes and warrants. It expects to receive around $12 million from the exercise of these warrants. 

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