Despite the recent continuous pullback in Bitcoin prices, enterprise-level crypto asset deployment has not slowed down. The perpetual preferred stock STRC issued by Strategy (MSTR) has returned to the $100 par value range for the first time since mid-January during U.S. trading hours. This key price signal is interpreted by the market as a sign that the company once again has the ability to raise funds through the capital markets and continue increasing its Bitcoin holdings.
STRC is a financing tool designed by Strategy for long-term Bitcoin acquisition. When its price approaches or exceeds par value, the company can resume the “at-the-market” (ATM) issuance model to continuously raise cash without significantly diluting common shares. The last time STRC traded above $100 was on January 16, when Bitcoin was still around $97,000. Subsequently, as Bitcoin briefly fell to around $60,000 in early February, STRC was also dragged down to a low of $93.
Currently, STRC has rebounded to a key level, creating conditions for Strategy to re-establish a “financing—buying Bitcoin” cycle. This preferred stock is viewed as a short-term high-yield credit instrument, with an annual dividend yield of 11.25%, paid monthly. To reduce the risk of price deviation from par value, the company dynamically adjusts the dividend payout ratio each month, recently increasing dividends to attract capital back.
Meanwhile, Strategy’s common stock MSTR has come under pressure amid Bitcoin remaining around $67,500, closing down about 5% at $126. Although short-term stock price volatility has increased, structurally, the rebound of STRC provides Strategy with a new “Bitcoin financing channel,” and also draws market attention to the linkage between enterprise-level Bitcoin asset allocation and capital structure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF Sees $159.62M Single-Day Outflow While Ethereum and Solana ETFs Continue Negative Trend
Gate News message, according to April 9 data, Bitcoin ETFs recorded a single-day net outflow of 2,242 BTC (valued at $159.62M), while showing a 7-day net inflow of 2,723 BTC ($193.89M). Ethereum ETFs experienced a single-day net outflow of 23,158 ETH ($50.48M), with 7-day net outflows reaching 22,90
GateNews5m ago
Pulitzer Prize–winning New York Times reporter report says Adam Back as “Bitcoin founder” sparks discussion
A New York Times reporter, Karyloo, published an investigative report claiming that Bitcoin’s creator, Satoshi Nakamoto, may be the British cryptographer Bakk. The investigation used AI analysis and linguistic methods, finding that Bakk’s writing style is highly similar to Nakamoto’s, while Bakk denied the identity. The report sparked a heated discussion in the community; Bakk’s name was playfully altered to “Adam Black,” which upset him. The investigation still lacks direct evidence to confirm Bakk’s identity.
ChainNewsAbmedia25m ago
Grayscale transferred 5,322 ETH and 155.649 BTC to a certain CEX, with a total value of over $22 million
Gate News update, April 9. Arkham monitoring shows that about an hour ago, Grayscale transferred a total of 5,322 ETH (worth $11.6 million) and 155.649 BTC (worth $11.07 million) to a certain CEX Prime address.
GateNews1h ago
Analyst: BTC $63k is the watershed between bulls and bears; multiple support levels form the entry range
Crypto analyst Ali Martinez says that current market volatility could provide cycle-level get on board opportunities, and has set multiple key price ranges based on on-chain data. The main support band is $63,111 to $70,685; if it breaks below, it could lead to a liquidity vacuum. In the long term, BTC is approaching its historical uptrend line, and it’s recommended to accumulate in batches.
GateNews2h ago
