Bitcoin Surges Post-STRC Ex-Dividend Date for the First Time in Six Months
- Bitcoin (BTC) has risen from approximately $75,000 to $79,000 following the April 15 ex-dividend date of Strategy’s (MSTR) perpetual preferred stock, STRC.
- This marks the first increase in BTC price during the week after a dividend payout event in six months.
- Strategy disclosed a significant purchase of 34,164 BTC, representing the third largest bitcoin acquisition ever.
- STRC shares increased over 9% to $178 as the company likely utilized its ATM program for further bitcoin purchases.
- Perpetual futures funding rates remain negative, indicating continued bearish sentiment among traders despite rising prices.
The recovery of Bitcoin’s price post-ex-dividend is significant for Bitcoin holders and reflects ongoing demand despite typical market adjustments following dividend payouts. The persistent Coinbase premium suggests steady spot demand for BTC in the U.S. market.
With Bitcoin rising to $79,000 after a major stock payout event, this trend indicates potential strength in market positioning and investor interest in Bitcoin. (Source)
