Strategy Spends $200 Million on Bitcoin, Raises STRC Dividend Yet Again
Strategy purchased $200 million worth of Bitcoin, adding about 3,000 coins at an average price of $67,700 each, funded in part by issuing preferred shares. The company now holds approximately 720,750 Bitcoin, valued at $49.5 billion, but faces an unrealized paper loss of $5.3 billion since Bitcoin's price dropped below $76,000. Its stock rose nearly 6% to $137 but remains down about 60% over six months. Strategy has been raising funds through its STRC preferred stock, recently increasing its monthly dividend to 11.5% to attract investors. So far, the company has issued $3.4 billion worth of STRC since July, in addition to funding via common shares. This approach helps maintain Bitcoin acquisitions without diluting common stockholders, amid uncertainties about long-term dividend payments and ongoing volatile Bitcoin prices.
