Strategy Bags $2.5 Billion in Bitcoin as STRC Dividend Hunters Fuel Biggest Purchase Since 2024 CATEGORY: Industry News

Strategy announced its most substantial Bitcoin acquisition in over 16 months on Monday, vacuuming up $2.54 billion worth of BTC last week as yield-hungry traders scrambled for its dividend-bearing preferred share. The Tysons Corner, Virginia-based outfit revealed it snagged approximately 34,200 Bitcoin, pushing its total hoard to a whopping 815,000 BTC. With Bitcoin hovering near $75,400, the stash was worth roughly $61.4 billion, per CoinGecko. The Bitcoin-obsessed firm also disclosed it had floated nearly $2.2 billion in STRC, Strategy's dividend-paying preferred equity, which currently dangles an 11.5% annual yield paid monthly and is engineered to hover around the $100 mark.

STRC's ex-dividend date came and went last Wednesday, marking the cutoff after which new buyers miss out on the next payout. Leading up to that deadline, STRC clung to or above the $100 level for 10 consecutive trading days, suggesting the preferred share—now sitting at an $8.5 billion market cap—enjoyed steady appetite. Andy Constan, a reformed Strategy skeptic and founder of research shop Damped Spring Advisors, wagered that STRC attracted a flock of dividend-capture traders, the financial equivalent of buying concert tickets right before the show just to resell them. "Dudes I know were all in [STRC] leveraged long last night and have never done a div capture trade in their life," he posted on X last week.

In the aftermath of STRC's ex-dividend date, the company floated a proposal to switch to semi-monthly dividends for the preferred share. "These proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand," Saylor explained in an X post. Just days prior, the firm had unloaded $3 billion in convertible bonds maturing in 2029, which let holders swap their bonds for common stock should shares hit $672.40 each. Strategy's latest purchase marks its heftiest since November 2024.

Before Monday's opening bell, the company's equity had slipped 2% to $163, according to Yahoo Finance. On Friday, Strategy's shares rocketed nearly 12% to $166, as the Bitcoin-hoarding firm's legendary stockpile finally turned green on paper after months in the red. On Myriad, a prediction market owned by Decrypt parent company Dastan, speculators assigned a 13% probability to Strategy trimming its holdings this year. Back on Feb. 1, when Strategy's stash sank below water, traders gave a 31% likelihood of the company raiding its own cookie jar.

On Sunday, Strategy co-founder and Executive Chairman Michael Saylor told followers to "Think Even Bigger" in an X post, teasing the scale of the company's recent shopping spree. A day earlier, he'd riffed on Middle Eastern tensions, quipping it's "impossible to blockade Bitcoin."