Strategy Acquires $2.54 B in Bitcoin, Boosting Holdings to 815,000 BTC
Strategy purchased $2.54 billion of Bitcoin last week, acquiring roughly 34,200 BTC and raising its total holdings to about 815,000 BTC valued at $61.4 billion. It was funded by a $2.2 billion preferred share issuance with an 11.5% monthly dividend as traders executed dividend-capture strategies before the ex-dividend date.
1. Largest Bitcoin Purchase Since 2024
Strategy executed its biggest Bitcoin acquisition in over 16 months, spending $2.54 billion to add approximately 34,200 BTC. This increases its total stockpile to around 815,000 BTC, valued at $61.4 billion with Bitcoin near $75,400.
2. Funding Through Preferred Share Issuance
The acquisition was financed by issuing $2.2 billion of its STRC preferred shares, which carry an 11.5% monthly dividend and are targeted to trade around $100. The timing just before the ex-dividend date maximized capital raised through dividend-capture demand.
3. Dividend-Capture Trading Surge
STRC traded at or above the $100 level for ten straight days leading up to the ex-dividend date, signaling strong demand from dividend-oriented traders. Leveraged positions and heightened buying drove record preferred share volume, swelling the product’s market value to $8.5 billion.
4. Implications for Valuation
Shares of Strategy have shown volatility, rising nearly 12% to $166 before correcting 2% to $163 ahead of Monday’s open. The company’s Bitcoin holdings are back in breakeven territory, while a recent $3 billion convertible bond sale adds further funding optionality.