Raising approximately $2.521 billion, Strategy's Stretch completed its initial public offering and acquired 21,021 bitcoins

Odaily Planet Daily News: Michael Saylor posted on the X platform stating that digital credit combines centuries-old financial infrastructure, including corporate equity, preferred shares, trading markets, tax laws, and securities regulations. Stretch, under Strategy, completed its initial public offering in July 2025, raising approximately $2.521 billion. Strategy stated that it used the net proceeds after fees to purchase 21,021 bitcoins. Stretch is a perpetual preferred share listed on Nasdaq, with a monthly dividend rate policy determined by the board.