MicroStrategy Shares Up 2.6% as 34K BTC Buys Spur Semi-Monthly Dividends
MicroStrategy shares rose 2.58% in the latest session, outpacing a falling market. The company acquired 34,164 Bitcoin for $2.5 billion via its STRC perpetual preferred stock and proposes semi-monthly 11.5% dividend payouts to accelerate reinvestment and boost liquidity.
1. Recent Stock Performance
MicroStrategy shares rose 2.58% in the latest trading session, outperforming the broader market’s decline. This outperformance reflects investor enthusiasm around its ongoing Bitcoin acquisition strategy.
2. Aggressive Bitcoin Accumulation
The company has purchased 34,164 Bitcoin for a total of $2.5 billion, continuing its program of roughly $1 billion in weekly acquisitions. These buys are funded through its STRC perpetual preferred stock vehicle.
3. STRC Preferred Stock Mechanism
STRC is structured to trade around a $100 par value and pays an 11.5% annual dividend. When STRC trades above par, MicroStrategy issues new shares and immediately deploys proceeds to buy Bitcoin, creating a self-sustaining acquisition cycle.
4. Semi-Monthly Dividend Proposal
MicroStrategy has filed to shift STRC dividend payouts from monthly to semi-monthly. The change aims to reduce reinvestment lag, enhance liquidity and smooth the timing of its Bitcoin purchases.