STRC is the largest IPO in 2025. this STRC design feels truly US Treasury-grade, no wonder could raise 2.5b. Unlike STRF/STRD, it’s built to attract real fixed income capital. - $2.5B IPO proceeds: 2–3 years of dividends without needing to sell BTC or refinance - Floating yield, par stability: 9% monthly dividend adjustable by issuer to keep STRC trading near $100 - Downside protection: redeemable at $101 + accrued interest, with investor put on fundamental events

MicroStrategy's preferred stock financing in July set a record for U.S. stocks in 2025, raising $2.5 billion. Unlike the previous three preferred stocks, this one is designed to meet U.S. Treasury capabilities, making it very attractive to fixed-income institutions. - The $2.5 billion raised through the IPO is enough to cover 2–3 years of dividends without the need to sell coins or refinance. - Floating interest rate, anchored at par value: 9% monthly dividends, ensuring STRC trades steadily around a par value of $100, while the previous three had no guaranteed dividends and fixed par values. - Investors have redemption rights: they can redeem at $101 + accrued interest, and investors can request buybacks in the event of significant changes. Saylor has mastered the financial instruments.