Strategy Spends $200 Million on Bitcoin, Raises STRC Dividend Yet Again
The post Strategy Spends $200 Million on Bitcoin, Raises STRC Dividend Yet Again appeared on BitcoinEthereumNews.com.
In brief Strategy purchased $200 million worth of Bitcoin last week. The company issued STRC, but proceeds mostly came from common shares. Strategy raised STRC’s monthly dividend for a seventh time to 11.5%. Strategy disclosed its third-largest Bitcoin purchase of the year on Monday, scooping up $200 million worth of the asset using proceeds that partially came from preferred shares. The Tysons Corner, Virginia-based firm now owns roughly 720,750 Bitcoin, according to a press release, with its holdings currently worth about $49.5 billion. The company’s latest purchase comprised around 3,000 Bitcoin, bought for an average price of around $67,700 apiece. The Bitcoin-buying firm has been nursing an unrealized loss on its holdings since the asset dipped below the $76,000 mark last month. With Bitcoin changing hands around $68,452 on Monday, according to CoinGecko, the company’s stockpile was down $5.3 billion on paper. The company’s stock price jumped nearly 6% to about $137 on Monday, according to Yahoo Finance. Despite the increase, shares had still tumbled almost 60% over the past six months. Last week, Strategy raised more money than it spent on Bitcoin, pocketing around $33 million as it doled out more of its variable rate, or STRC, preferred stock. In recent months, Strategy has embraced the dividend-paying product as an alternative source of funding, which co-founder and Executive Chairman Michael Saylor has dubbed “digital credit.” Over the weekend, Strategy signaled on X that it was raising STRC’s monthly dividend to 11.5%. That represented the company’s seventh attempt to make the product more attractive, since it was introduced as a low-volatility, high-yield cash instrument in July. Last week, the company raised $7.1 million via STRC, a small sum compared to the $230 million that gained from issuing common shares. By issuing preferred shares, Strategy seeks to keep Bitcoin routinely flowing…
Filed under: News - @ March 2, 2026 4:29 pm