STRC Preferred Shares to Hit Ex-Dividend on May 15 After 46,872 BTC Buys
Strategy’s STRC preferred share mechanism funded Bitcoin purchases that climbed from 4,467 BTC in January to 46,872 BTC in April. With the STRC ex-dividend date set for May 15, investors expect another mid-month rally despite minimal conversion of ~1 BTC so far this cycle.
1. STRC Purchase Mechanism
STRC pays monthly dividends with an ex-dividend date on the 15th, driving investors to buy ahead and push the preferred shares toward their $100 par value. Strategy then issues additional shares at par and uses proceeds to acquire Bitcoin, creating a recurring mid-month buying surge.
2. Monthly Purchase Trends
BTC purchases via STRC rose from 4,467 BTC in January to 22,131 BTC in March and surged to 46,872 BTC in April, illustrating growing investor demand for the dividend-driven instrument. This pattern fueled three consecutive mid-month rallies since January.
3. May Cycle Outlook
The next ex-dividend date falls on May 15, creating expectations for another rally, but only around 1 BTC has been acquired through STRC so far this cycle. Slower recovery to par value suggests investor demand may be plateauing compared to prior months.