Michael Saylor’s Strategy Sees STRC Shares Surge, Boosting Bitcoin Holdings
- Strategy’s perpetual preferred share, Stretch (STRC), reached a record high of $100.10 with trading volume of over 1 million shares.
- The company holds approximately $103,204.21 in Bitcoin, making it the largest holder.
- STRC offers an annualized return of 10.5%, paid monthly in cash, up from an initial rate of 9% to align with its par value.
- Strategy has $4.2 billion available for share issuance and has utilized ATM sales to fund Bitcoin acquisitions.
- MSTR common shares have declined by about 15% this year, trading around $253.
The rise in STRC shares allows Strategy to leverage its at-the-market offering to acquire more Bitcoin. This development is crucial for maintaining the company’s strategy without diluting existing shareholder value.
With STRC now trading at $100.50 per share, Michael Saylor’s approach appears effective in bolstering Bitcoin holdings amid a challenging market for MSTR shares.(Source)
