The stocks of Strategy have been somewhat interesting lately, closing at $165 in April, up 33% for the month, marking the first monthly increase in the past nine months. Previously, since August last year, they had been declining for eight consecutive months, losing a total of 75%. Now, signs of a rebound are finally appearing, somewhat like the stock price is brewing something.

Their perpetual preferred stock STRC is also very stable, with a dividend yield of 11.5% maintained in May, continuing this level for three consecutive months. The weighted average price of April's trading volume was $99.76, basically close to the $100 face value, and since the 15th, it has been oscillating below the face value. The market generally believes that STRC should soon return to around $100, so the company has no reason to adjust the dividend yield.

It seems that Bitcoin Treasury Company has undergone a long-term adjustment, and now market sentiment has improved. Whether this rebound can continue depends on subsequent performance, but at least it has given investors some new expectations.