[Strategy's Stretch Completes IPO, Raising Approximately $2.521 Billion and Acquiring 21,021 Bitcoins] Odaily Planet Daily reports that Michael Saylor, writing on the X platform, stated that digital lending combines financial infrastructure developed over centuries, including corporate equity, preferred stock, trading markets, tax laws, and securities regulation. Stretch, a subsidiary of Strategy, completed its initial public offering in July 2025, raising approximately $2.521 billion. Strategy stated that it used the net proceeds, after deducting fees, to purchase 21,021 bitcoins. Stretch is a perpetual preferred stock traded on Nasdaq, employing a monthly dividend rate policy determined by its board of directors.