Gate News message, April 21 — US software company Strategy disclosed in an SEC filing that it purchased $2.54 billion in bitcoin during the week ended April 19, funding most of the purchase through $2.18 billion in preferred share (STRC) sales, with the remainder from common stock sales. This marks the company’s largest weekly bitcoin acquisition since November 2024.
Strategy now holds approximately $61 billion in bitcoin after a three-week rally in the token boosted its stock price nearly 30% last week. The company has increasingly relied on preferred share sales to reduce dilution concerns among existing shareholders.
STRC carries an 11.5% variable dividend, which Strategy resets monthly to keep shares near their $100 par value. The company has proposed increasing dividend payments from monthly to twice monthly to help stabilize the share price.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Spot ETFs See $27.2M Net Inflows Yesterday; Ethereum ETFs Decline $17M
According to Farside Investors, U.S. spot Bitcoin ETFs saw net inflows of $27.2 million yesterday (May 11), with Morgan Stanley's MSBT accounting for $26.3 million of inflows. IBIT and FBTC recorded outflows of $7.4 million and $3.6 million, respectively.
Ethereum ETFs posted net outflows of $17 mi
GateNews1h ago
BTC mining company quarterly reports: MARA revenue -18%, CleanSpark loss of $224 million
Two publicly listed Bitcoin miners in the US, MARA Holdings (NASDAQ: MARA) and CleanSpark (NASDAQ: CLSK), both released their latest quarterly financial reports on May 11. Both cited large unrealized losses recognized due to a drop in Bitcoin prices in Q1. According to The Block, MARA’s Q1 revenue fell 18% year over year, while CleanSpark recognized a $224 million loss on its BTC holdings in Q2. MARA: Q1 revenue $174.6 million, net loss $1.26 billion MARA’s first-quarter revenue was $174.6 milli
ChainNewsAbmedia1h ago
Bitcoin Surges Above $65,000, ETH Hits $1,900 as Crypto Stocks Rally Intraday
Bitcoin surged above $65,000 today, gaining over 2.7% intraday, while Ethereum rose above $1,900 with intraday gains exceeding 3%. Crypto-related stocks rallied in after-hours trading, with MicroStrategy (MSTR) up
GateNews1h ago
ABTC Directors Buy 1.63M Shares at $1 Following Q4 Loss Disclosure; Bitcoin Holdings Hit 6,500 BTC
According to SEC filings, American Bitcoin (ABTC) directors purchased 1.63 million shares combined following the reopening of the trading window after Q4 earnings disclosure. Justin Mateen acquired approximately 1.3 million shares at an average price of $1 per share, while Richard Busch purchased 33
GateNews1h ago
Morgan Stanley Eyes Bitcoin Custody and Trading, Plans Yield Services
According to Decrypt, Morgan Stanley's newly appointed head of digital assets Amy Oldenburg said on Wednesday that the firm aims to enable clients to custody and trade Bitcoin on its platform. The bank, which manages nearly $9 trillion in customer assets, is also exploring Bitcoin-based yield and le
GateNews1h ago
Bitcoin 1-2 Year Holder Cost Basis Crosses 1-3 Month Average, Signaling Late Bear Market Phase
According to analyst Murphy, in late April, the on-chain average cost basis for Bitcoin holders with 1-2 year positions crossed the cost basis for 1-3 month holders, signaling BTC has entered the late stage of the bear market. Additionally, the CVDD (Cumulative Value Days Destroyed) metric, a long-t
GateNews1h ago
