In just 4 days, Strategy raised enough to purchase 11,042 BTC through its STRC stock, a perpetual preferred security offering a dividend of approximately 11.5% per year.

The previous week, the company had only bought 4,294. In other words, Strategy more than doubled its accumulation pace in one week, at a time when Bitcoin is struggling to break through the $75,000 mark and stock markets are suffering from geopolitical tensions.
What's striking here is the STRC mechanics: Strategy attracts capital by promising an adjustable return ( to maintain the stock price close to a $100 target: if the price falls, the dividend can be increased to attract investors, and conversely ) which it immediately converts into Bitcoin.
The more funds it raises, the more BTC it buys, which supports the price, which values its reserves, which strengthens its credibility to raise even more funds. A cycle that may seem virtuous… but which relies entirely on the strength of Bitcoin's price.
This raises important questions. If Strategy today represents a major supporting force for the BTC price, what happens if the price falls sustainably and STRC investors begin to doubt the solidity of the model?
Does the company become a systemic risk for the crypto market, or conversely a structural safety net for Bitcoin?
And for individual investors, is this an opportunity to benefit from a stable dividend, or a risky bet on the longevity of an unprecedented financial model?