The issuance of STRC in Strategy is approaching a $28.3 billion cap or slowing Bitcoin accumulation.

Mars Finance News reported that Delphi Digital released a report stating that Strategy’s floating/adjustable-rate Series A perpetual preferred stock, STRC, has an authorized issuance limit of approximately $28.3 billion. If that figure is reached without expanding the issuance limit, Strategy’s Bitcoin accumulation pace may slow. Strategy purchased 535 Bitcoins on Monday for $43 million, with most of the incremental funding raised through the sale of Class A common shares, MSTR. Strategy’s current market net asset value is 1.25 times. Researchers noted that when mNAV is lower, Strategy uses STRC as its primary accumulation tool; if mNAV expands, it may obtain Bitcoin by selling MSTR. Strategy has $2.25 billion in cash reserves, and its next major cash obligation is due in September 2027.

BTC2.37%
MSTR5.11%
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