Bitcoin holdings reach 810,000 coins! MicroStrategy invests an additional $255 million USD to further buy in; preferred shares are planned to switch to semi-monthly dividends.

MicroStrategy once again increased its Bitcoin holdings by 3,273 coins from April 20 to 26, bringing its total holdings to 818,334 coins—about 3.9% of the total supply.

According to the 8-K filing with the U.S. Securities and Exchange Commission (SEC) submitted on Monday, during the period from April 20 to 26, major Bitcoin investor Strategy (NYSE ticker: MSTR) spent about $255 million to buy an additional 3,273 Bitcoins at an average price of $77,906 per coin.

Strategy co-founder and Executive Chairman Michael Saylor said that the company currently holds a total of 818,334 Bitcoins, worth approximately $63.7 billion. Since launching its Bitcoin allocation in 2020, Strategy has invested a cumulative cost of about $61.8 billion, with an average acquisition cost of $75,537 per Bitcoin.

Image source: X/@saylor

After this latest round of purchasing, Strategy’s Bitcoin holdings show unrealized profit (paper gains) of approximately $1.9 billion, with its holdings accounting for 3.9% of the total supply of 21 million Bitcoins.

The funding used by Strategy for this Bitcoin purchase mainly came from selling common stock MSTR. Last week, it sold about 1.45 million shares of MSTR, raising $255 million. As of April 26, the company still has MSTR shares worth $26.47 billion available to issue and sell.

The company has issued four perpetual preferred stocks—STRK, STRC, STRF, and STRD—with issuance sizes of $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion respectively. All of these are part of Strategy’s “42/42” fundraising plan, aiming to raise $84 billion by 2027 through issuing stock and convertible bonds to purchase Bitcoin.

Although Strategy did not sell any perpetual preferred stocks last week, STRC has become the main engine powering Strategy’s Bitcoin-buying funds in recent weeks. STRC is a cumulative preferred stock with floating interest rates and monthly dividend distributions. Its interest rate adjusts dynamically to keep the stock price closely tracking its $100 par value. Currently, STRC’s annualized yield is as high as 11.5%, successfully attracting a large amount of institutional capital seeking stable returns.

To further boost STRC’s popularity, Strategy previously floated a proposal to change its dividend structure, planning to increase STRC’s dividend frequency from “once per month” to “twice per month.” The company said that this change will not only shorten the time lag between when investors receive dividends and reinvest them, but also improve market liquidity and pricing efficiency, further stabilizing the stock price.

The final vote on this change to the dividend payment mechanism will take place at the shareholders’ annual meeting on June 8. If it clears the hurdle successfully, the first ex-dividend date under the new system will be June 30, and investors are expected to receive their first “semi-monthly” dividend on July 15.

• This article is reprinted with permission from: 《Block Beast》
• Original title: 《Holding 810k Coins! Strategy Invests $255 Million to Buy More Bitcoin》
• Original author: Block Sister MEL