News linked to both this project and an event.
According to Decrypt, Bitcoin treasury company Strategy purchased only 3,273 BTC last week—down approximately 91% from the previous week’s acquisition of 34,164 BTC for $2.54 billion. Analysts attribute this slowdown in buying pace to cooling market sentiment surrounding Strategy’s perpetual preferred shares (STRC). STRC had previously driven Strategy to execute its largest BTC purchase in nearly 16 months, fueled by an 11.5% monthly dividend. However, since the ex-dividend date on April 14, STRC’s price has persistently traded below its $100 target range, prompting Strategy to issue 1.4 million common shares for fundraising last week. Notably, Michael Saylor has announced plans to adjust STRC’s dividend distribution frequency to biweekly, aiming to mitigate cyclical fluctuations in the company’s BTC acquisition rhythm.
Odaily News: Strategy has proposed adjusting the dividend mechanism for its STRC preferred stock, planning to change the current monthly dividend distribution to twice a month (semi-monthly), subject to shareholder approval.STRC is a perpetual preferred stock, targeting trading near a par value of $100, with its price regulated through a floating dividend mechanism. The current annualized dividend yield is approximately 11.5%. The company stated that increasing the dividend frequency helps reduce reinvestment lag, enhance market liquidity, and improve price stability.STRC is one of a series of preferred stock financing instruments within Strategy, forming part of its capital structure alongside products like STRF, STRE, STRK, and STRD. These instruments have already helped the company raise significant funds for its ongoing accumulation of Bitcoin.
Odaily News Bitcoin treasury company Strategy's perpetual preferred shares, STRC, recorded approximately $1.1 billion in trading volume on April 13, representing a nearly 47% increase from the previous record. This has become a core financing tool for the company to accelerate its Bitcoin accumulation. Strategy raises capital by selling preferred shares like STRC and uses the funds for high-frequency Bitcoin purchases.Data shows that Strategy recently purchased 13,927 BTC for approximately $1 billion, bringing its total holdings to 780,897 BTC. The related funds primarily came from the issuance of over 10 million STRC shares. Within the overall capital plan, STRC, along with STRK, STRF, STRD, and common stock financing, constitutes its "42/42" financing framework. The goal is to raise $84 billion by 2027 for continuous Bitcoin purchases. Current market views suggest that STRC is gradually becoming the dominant instrument within this financing system. (The Block)