Strategy Teases Next $1B Bitcoin Buy, Proposes Semi-Monthly 11.5% STRC Dividends
Strategy signaled another Bitcoin purchase after a record $1bn single-day buy and $2.25bn cash on hand, marking accelerated recent acquisitions. The company also proposed switching its $6.4bn STRC preferred stock to semi-monthly 11.5% yield payments, targeting reduced drawdowns and enhanced liquidity.
1. Bitcoin Purchase Tease
Michael Saylor posted an updated chart highlighting Strategy’s full Bitcoin buying history, with larger recent circles signaling an imminent acquisition. This follows a record single-day purchase exceeding $1 billion and leaves $2.25 billion in cash earmarked for future buys.
2. STRC Dividend Structure Update
The company proposed converting its STRC preferred stock from monthly to semi-monthly payments, splitting record dates on the 15th and last day of each month. The 11.5% annualized yield remains fixed, with the first semi-monthly record date on June 30 and payment on July 15, subject to shareholder approval by June 8.
3. Institutional Demand and Liquidity Effects
Switching to twice-monthly distributions aims to halve ex-dividend drawdowns, tighten liquidity patterns and enhance the instrument’s collateral utility. Outstanding STRC notional value has surged to $6.4 billion, while volatility compressed from 13% to 2.1% over two months, underlining strong institutional uptake.