The product that currently pays 11.5% in monthly dividends is designed to trade around the $100 mark. Following its ex-dividend date on April 14, STRC has traded below that threshold.
At $63.6 billion, Strategy’s holdings showed a $1.8 billion gain on paper. As Bitcoin has rallied to its highest price since January, the company’s holdings have emerged from underwater. At times this year, the Bitcoin-buying firm’s bet has been billions of dollars underwater.
Strategy Now Holds $62 Billion in Bitcoin—These Are Its Biggest BTC Buys
Although Strategy’s reliance on STRC has saddled the company with ongoing costs, traders on Myriad—a prediction market owned by Decrypt’s parent company Dastan—have grown increasingly confident that the company won’t sell Bitcoin this year.
