The company’s latest acquisition was made with proceeds that overwhelmingly came from Strategy’s variable-rate preferred share, STRC. The Bitcoin-buying firm issued $227 million worth of the dividend-paying product compared to the $72 million worth of common shares last week.
When the preferred share trades above a par value of $100, Strategy has signaled that it will issue more STRC to keep the product’s price in line. Last week, the dividend-paying product met that threshold for four straight trading days.
Retail Investors Growing Exposed to Bitcoin Giant Strategy’s STRC Over MSTR, Says CEO
On Monday, Strategy’s Bitcoin holdings were $4.9 billion underwater. Since the company began purchasing Bitcoin in 2020, the company has paid an average of $75,600 per Bitcoin.
