MicroStrategy Buys 34,164 BTC for $2.54B, Proposes Semi-Monthly STRC Dividends
MicroStrategy acquired 34,164 BTC for $2.54 billion at an average price of $74,395, lifting its total holdings to 815,061 BTC in its largest purchase since 2024. The company proposed shifting STRC preferred stock dividends from monthly to semi-monthly to accelerate reinvestment and liquidity in its Bitcoin-funding vehicle.
1. Largest Bitcoin Acquisition
MicroStrategy purchased 34,164 BTC for $2.54 billion at an average price of $74,395, bringing its total holdings to 815,061 BTC and marking the company’s largest single acquisition since 2024.
2. Semi-Monthly Dividend Proposal
The board proposed shifting dividends on its STRC preferred stock from monthly to semi-monthly distributions, aiming to reduce reinvestment lag and provide investors with more frequent income and clearer visibility into the company’s Bitcoin purchasing cadence.
3. STRC Funding Flywheel
STRC trades around its $100 par value and pays an 11.5% dividend; when shares rise above par, MicroStrategy issues new stock to fund Bitcoin purchases, creating a self-reinforcing cycle that has driven weekly acquisitions through retained capital and arbitrage.
4. Share Price Reaction
Shares of MicroStrategy closed at $170.81, up 2.58% in the latest session, reflecting investor enthusiasm over the aggressive accumulation strategy and the planned dividend cadence change for its funding vehicle.