Strategy makes biggest BTC purchase since November 2024 for $2.54B

Strategy added 34,164 BTC to its treasury, its biggest purchase to date, and the biggest since November 2024. This time, Strategy extended its new fundraising cycle, achieving high demand for its STRC preferred stock. 

Strategy achieved its goal of purchasing more BTC at scale through a new fundraising cycle. The company now holds 815,061 BTC with an average price of $75,527 BTC. 

New BTC purchases accelerated as Strategy’s treasury broke even on average. 

The recent purchase was expected after Michael Saylor’s preliminary message, which signaled another large-scale addition. 

The latest purchase arrived as BTC traded above $75,000, though stalling its recent rally at $78,000. Strategy’s move arrives at a time when ETFs and other whales are also accumulating, in expectation of a breakout or long-term growth. 

Strategy achieves STRC goal

Last week’s large purchase revealed the growing demand for STRC, as well as new MSTR issues. The strong STRC demand hinged on April’s ex-dividend date, which usually causes a rush to buy the preferred stock and secure the monthly return of 11.5%. 

For its latest purchase, Strategy sold 21.7M STRC valued at $2.17B, and an additional 2.16M in new MSTR shares, valued at $366M. STRC achieved $2.17B in volume as of April 14, with a total of $2.2B in proceeds for last week. Currently, STRC trades at $99.36, $0.64 below the ATM rate for new sales. 

The success of STRC has sparked hopes of another BTC price cycle, this time fueled by digital credit. 

Starting July 2026, STRC will pay its 11.5% annual dividend bi-weekly, to avoid the crowded sales and spread out raises more evenly, without a big monthly bump in trading. Strategy also aims for less price volatility around ex-dividend dates.

MSTR gets a boost from increased demand

MSTR has returned to its trading pattern of amplifying the BTC price moves. The common stock was not affected by the ongoing dilution and added over 31% to its price in the past week. 

Strategy makes its third-largest BTC purchase
MSTR expanded in the past week, amplifying the BTC recovery. | Source: Google Finance

MSTR is used as a supporting source of liquidity together with STRC. The common stock expanded to $166.52, securing the recent purchase and enough liquidity for dividend payments. 

For now, MSTR looks secondary, but Strategy has authorized another $21M. The ATM facility has $26B in new stock issuance, accelerating the Strategy playbook from its previous plans.

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Source: https://www.cryptopolitan.com/strategy-third-largest-btc-purchase/