Strategy Bought $2.54B in Bitcoin as STRC Became Core Funding Tool

Strategy bought $2.54 billion of Bitcoin between April 13 and April 19, lifting its holdings to 815,061 BTC. The purchase put Strategy ahead of BlackRock’s IBIT as the largest institutional holder of Bitcoin, and the company funded much of the buying with its STRC perpetual preferred stock. SEC filings show Strategy raised close to $3.3 billion from nearly 33 million new STRC shares and another $438 million from common stock between April 1 and April 19. On April 17, Strategy proposed changing STRC dividends from monthly to twice per month, subject to shareholder approval at its June 8 annual meeting.

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