Strategy Adds 1,550 BTC for $101M and Shifts Preferred Dividends Semi-Monthly
MSTR•Strategy acquired 1,550 BTC for $101 million, extending its aggressive treasury build as Bitcoin trades near $59,200 after a roughly 50% drop from its October peak. The firm will pay preferred stock dividends semi-monthly on the 15th and last day of month, yielding 11.5% on $96 shares.
1. Recent Bitcoin Acquisition
Strategy acquired 1,550 bitcoins for $101 million, marking its latest aggressive treasury maneuver. The purchase followed a minor sale in late May and comes as Bitcoin trades near $59,200, roughly 50% below its October peak, reflecting continued confidence in the cryptocurrency’s long-term value.
2. Preferred Stock Dividend Adjustment
Shareholders approved changing the preferred stock dividend schedule from monthly to semi-monthly distributions, with payments on the 15th and final day of each month. Preferred shares trade at $96, below par value, and carry an annual yield of 11.5%, aiming to enhance liquidity and reinvestment opportunities.
