Strategy Adds $2.5 Billion in Bitcoin as STRC Dividend Traders Drive Largest Buy Since 2024

Strategy reported its largest Bitcoin acquisition successful implicit 16 months connected Monday, scooping up $2.54 cardinal worthy of BTC past week arsenic traders snapped up its flagship preferred stock to person an upcoming dividend.

The Tysons Corner, Virginia-based steadfast said that it purchased astir 34,200 Bitcoin, lifting its stockpile to a full of astir 815,000 Bitcoin. With Bitcoin trading adjacent to $75,400, the sum was valued astatine astir $61.4 billion, according to CoinGecko.

The Bitcoin-buying steadfast announced that it had issued astir $2.2 cardinal worthy of STRC, Strategy’s dividend-paying preferred share, which presently pays 11.5% successful monthly dividends and is designed to commercialized astir the $100 mark.

STRC’s ex-dividend day passed past Wednesday, representing the time connected which investors buying the dividend-paying merchandise nary longer person the adjacent scheduled payment. Leading up to that threshold, STRC traded astatine oregon supra the $100 people for 10 consecutive trading days, indicating that the preferred stock present valued astatine $8.5 cardinal saw accordant demand.

Andy Constan, a former Strategy carnivore and laminitis of probe steadfast Damped Spring Advisors, wagered that STRC saw heightened request from dividend-capture traders, who typically bargain stocks instantly earlier the ex-dividend day and merchantability soon after.

“Dudes I cognize were each successful [STRC] leveraged agelong past nighttime and person ne'er done a div seizure commercialized successful their life,” helium said successful an X station past week.

Before Monday’s opening bell, the company’s banal had fallen 2% to $163, according to Yahoo Finance. On Friday, Strategy’s shares surged astir 12% to $166, arsenic the Bitcoin-buying firm’s industry-leading stockpile showed a nett connected paper for the archetypal clip successful months.

On Myriad, a prediction marketplace owned by Decrypt genitor institution Dastan, traders foresaw a 13% accidental Strategy would pare its holdings this year. On Feb. 1, erstwhile Strategy’s stockpile plunged underwater, traders foresaw a 31% accidental of Strategy tapping its stash.

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On Sunday, Strategy co-founder and Executive Chairman Michael Saylor told followers to “Think Even Bigger” successful an X post, hinting astatine the size of the company’s caller purchase. A time before, helium flicked astatine struggle successful the Middle East, noting it’s “impossible to blockade Bitcoin.”

Following STRC’s ex-dividend day past week, the institution projected semi-monthly dividends for the preferred share. “These projected changes are intended to stabilize price, dampen cyclicality, thrust liquidity, and turn demand,” Saylor said successful an X post.

Strategy’s latest bargain represents its largest since November 2024. Days before, the institution said that it had sold $3 cardinal worthy of convertible bonds owed successful 2029, which assistance holders the enactment of exchanging bonds for communal shares should they scope $672.40 apiece.