According to online reports, Strategy, a bitcoin vault company led by Michael Saylor, announced that it will purchase another 21,021 bitcoins, with an average purchase price of approximately US$117,300, bringing its total holdings to 628,791, or approximately US$74 billion based on the current market value. The funds for this coin purchase came from Strategy's fourth round of "Stretch" preferred stock (STRC) issuance, with an issue price of US$90 per share, raising a total of approximately US$2.521 billion, making it the largest IPO in the United States so far in 2025 and since 2009. The largest perpetual preferred stock issue in the U.S. stock market.