Strategy, the world’s largest public BTC holder, has successfully completed the biggest crypto IPO of 2025, according to minfin.com.ua.
- Shares issued: 28,011,111 STRC at $90 each
- Raised: $2.52 billion
- Bitcoin acquired: 21,021 BTC at $117,256 per coin
In total, Strategy now holds 628,791 BTC, valued at approximately $46.8 billion with an average acquisition price of $73,227 per BTC.
STRC will be the first U.S.-listed Bitcoin company to issue perpetual preferred shares with monthly dividends — a new format for crypto asset classes aiming to attract a wider investor base.
BlackRock pushes Ethereum ETF with staking
The SEC has started reviewing BlackRock’s proposal to add staking functionality to its iShares Ethereum Trust. The move aims to:
- Generate staking rewards from ETH
- Enhance Ethereum network security
- Unlock passive yield without exiting the asset
The SEC has opened a public comment period for the proposal but postponed a decision on Grayscale’s Litecoin ETF, citing the need for further analysis.
Kraken gears up for IPO with $15B valuation
Crypto exchange Kraken is preparing for a 2026 IPO and is looking to raise up to $500 million, potentially boosting its valuation to $15 billion — up from $11B in 2022.
The funding round is expected to reinforce Kraken’s competitive stance against public rivals like Coinbase.
Bitmain to launch U.S. miner production
Mining hardware giant Bitmain will open its first U.S. manufacturing plant by the end of 2025, with full production expected in early 2026. Location: Texas or Florida.
- Phase 1: 250 jobs created
- Goal: Faster delivery and repair services for U.S. clients
- Reason: Avoiding tariffs on Chinese tech exports
Analysts say Bitmain’s move aims to strengthen its position in the U.S., where domestic rivals like Auradine and Block Inc. are gaining ground.
The 2025 crypto market reflects maturity and institutional evolution — billion-dollar IPOs, staking ETFs, and onshoring of mining operations. This isn’t just a trend; it’s a strategic realignment that’s redefining the crypto industry’s next chapter.