Michael Saylor’s STRC IPO Tops U.S. Charts with $2.5B Raise

Michael Saylor, the high-profile Bitcoin advocate and executive chairman of MicroStrategy, has made headlines again—this time with the largest initial public offering (IPO) of 2025.

According to Bloomberg data shared by Strategy, the IPO of Saylor’s latest venture, $STRC, has raised a staggering $2.521 billion, securing its position as the largest preferred and common equity IPO in the U.S. this year.

This massive raise places $STRC well ahead of other major listings in 2025, including Venture Global at $1.75 billion and CoreWeave at $1.57 billion. Notably, the offering surpasses prominent names in both tech and infrastructure, underlining investor confidence in Saylor’s vision and track record.

A Major Win for the Crypto Pioneer

While the exact nature of $STRC’s business model hasn’t been fully detailed, the scale of its IPO has already sparked widespread interest in financial and crypto circles alike. Saylor has built a reputation for bold moves, particularly for MicroStrategy’s massive Bitcoin reserves—now exceeding 226,000 BTC. That legacy appears to be translating into massive investor interest in his new public venture.

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The IPO also overshadows strong showings by other high-profile companies like SailPoint ($1.38B), Circle ($1.212B), and Shift4 Payments ($1B), indicating that $STRC has tapped into a unique investor appetite—possibly blending blockchain innovation with traditional financial models.

Implications for Crypto-Equity Crossover

With Circle, the issuer of USDC, also making it into the top 10, it’s clear that crypto-native firms are increasingly attracting mainstream capital through equity markets. The strong interest in $STRC reinforces the idea that blockchain-related businesses can thrive not only in token markets but also through traditional public listings.

As markets digest this record-setting IPO, all eyes are on how $STRC will deploy its capital and whether Saylor’s latest venture will echo the disruptive legacy of his earlier plays in the crypto space.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.