Strategy Leverages IPO Success to Acquire Over 21,000 Bitcoin

MicroStrategy has successfully closed an IPO of preferred stock, raising approximately $2.5 billion. This offering is the largest US IPO of 2025 and a significant crypto-related offering. The company plans to use these funds to acquire an additional 21,021 Bitcoin. This acquisition will increase MicroStrategy's total Bitcoin holdings to nearly 629,000. The average purchase price for this new Bitcoin is $117,256. Analysts anticipate a strong rebound for MicroStrategy's stock due to these strategic moves. They project a significant reduction in loss per share and substantial profitability growth for the current year. Following these developments, several analysts have raised their price targets for MicroStrategy's stock. TD Cowen, Barclays, and H.C. Wainwright are among those with increased price targets. The consensus price target for MicroStrategy is currently $543.62, with some targets reaching as high as $680. MicroStrategy's stock closed down 9% to $398, while Bitcoin remains near its all-time high.