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2w ago

Strategy Adds 4,048 Bitcoin to $69 Billion Stash, Raises STRC Dividend to 10%

Stock sales are fueling the purchases ahead of an S&P 500 inclusion ruling this week.

Strategy’s equity shift is no retreat from bitcoin strategy, benchmark says
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Photo: Chris Kleponis/CNP/Bloomberg

Overview

  • An SEC filing shows Strategy bought 4,048 BTC between Aug. 26 and Sept. 1 at an average price of $110,981, lifting its holdings to 636,505 BTC acquired for $46.95 billion and valued around $69 billion.
  • The latest buys were financed primarily through at-the-market sales of 1.237 million MSTR shares for $425.3 million, plus roughly $46.5 million from STRK, STRF and STRD preferred stock programs.
  • The company increased the annual dividend on its STRC preferred shares to 10%, extending its use of perpetual preferreds alongside common-equity issuance to fund ongoing accumulation.
  • Strategy meets S&P 500 eligibility criteria and awaits the index committee’s Sept. 5 announcement, with analysts saying inclusion could draw sizable passive inflows if approved.
  • Management’s relaxed mNAV issuance policy has drawn dilution concerns even as a recent investor lawsuit was dropped, and the firm’s stash now represents just over 3% of Bitcoin’s supply.