Michael Saylor’s Strategy (MSTR) Estimated To Have Already Bought Over 1,200 Bitcoin Today
Strategy (MSTR) is estimated to have purchased over 1,200 Bitcoin today, leveraging its STRC preferred stock issuance.Summary
Data suggests that Michael Saylor's Bitcoin-focused firm, Strategy (MSTR), has already acquired an estimated 1,200 Bitcoin today through its preferred equity issuance (STRC). This follows a record $409 million in daily trading volume for STRC the previous day, during which over 2,000 Bitcoin were reportedly accumulated. Strategy is increasingly using its STRC perpetual preferred shares to finance further BTC purchases, following a recent $1.28 billion acquisition of 17,994 BTC. The STRC instrument acts as a bridge for income investors, offering a monthly dividend yielding about 11.5% annually, translating Bitcoin treasury economics into a format accessible to fixed-income investors, thereby stabilizing capital inflow for Bitcoin acquisition.
(Source：Bitcoin Magazine)