Strategy’s STRC Could Fuel Next Bitcoin Buy, Could Michael Saylor’s Firm Surpass BlackRock’s IBIT?

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has hinted at another potential Bitcoin acquisition by the company. On April 19, Saylor shared a screenshot of Strategy’s Bitcoin portfolio tracker on X (formerly Twitter) with the message: “Think Even ₿igger.”

This cryptic post aligns with a recurring pattern where Saylor uses such statements as a precursor to official regulatory filings detailing new Bitcoin purchases. The timing is particularly significant given that Strategy recently funded its latest acquisition using its Variable Rate Series A Perpetual Stretch Preferred Stock, traded under the ticker STRC.

Strategy’s Recent Bitcoin Purchase Funded by STRC

Last week, Strategy acquired 13,927 Bitcoin at an average price of approximately $71,902 per coin, totaling around $1 billion. The purchase was fully financed through $1 billion raised via STRC sales, as disclosed in the company’s latest SEC filings. This transaction increased Strategy’s total Bitcoin holdings to 780,897 BTC, valued at over $59 billion.

Strategy remains the world’s largest corporate holder of Bitcoin, and its weekly filings have become a closely monitored market event due to its aggressive accumulation strategy.

STRC’s Role in Strategy’s Funding Strategy

STRC is designed to trade near a $100 par value and currently offers a variable dividend with an annualized rate of 11.5%. The dividend rate resets monthly, and Strategy has stated that this structure aims to keep the stock trading close to par while minimizing sharp value fluctuations.

In practice, STRC has become a critical funding tool for Strategy as it expands its Bitcoin treasury. To further optimize this mechanism, Strategy recently proposed changing STRC’s dividend schedule from monthly to semi-monthly payments. The company explained that this adjustment aims to reduce reinvestment lag and improve liquidity, market efficiency, and price stability.

Industry Reaction to STRC’s Proposed Dividend Change

“STRC attempting to offer semi-monthly dividend is a pretty revolutionary moment for corporate finance…it sets a new standard for corporates to do better, for the benefits of their investors to achieve higher liquidity with less cyclicality.”

Jeff Park, a Bitwise advisor, commented on the proposed change.

Could STRC Fund an Even Larger Bitcoin Purchase?

The focus now is whether STRC generated sufficient capital over the past week to fund another Bitcoin acquisition—one that could exceed the $1 billion buy disclosed last week. This speculation gained traction after CryptoSlate reported that STRC posted back-to-back trading days with volumes exceeding $1 billion last week.

Market observers suggest that this performance may have raised enough capital to support a significantly larger Bitcoin purchase. Estimates from Bitcoin for Corporations indicate that this activity could translate into the acquisition of nearly 30,000 Bitcoin.

If confirmed, this would mark one of the strongest weeks for STRC since its launch and could add around $2 billion to its market capitalization, which currently stands at just over $6 billion. Such a move would further solidify STRC’s growing role in Strategy’s capital-raising model.