Strategy Purchases $2.54B in Bitcoin, Largest Weekly Buy Since November 2024

Gate News message, April 21 — US software company Strategy disclosed in an SEC filing that it purchased $2.54 billion in bitcoin during the week ended April 19, funding most of the purchase through $2.18 billion in preferred share (STRC) sales, with the remainder from common stock sales. This marks the company's largest weekly bitcoin acquisition since November 2024.

Strategy now holds approximately $61 billion in bitcoin after a three-week rally in the token boosted its stock price nearly 30% last week. The company has increasingly relied on preferred share sales to reduce dilution concerns among existing shareholders.

STRC carries an 11.5% variable dividend, which Strategy resets monthly to keep shares near their $100 par value. The company has proposed increasing dividend payments from monthly to twice monthly to help stabilize the share price.