Strategy (MSTR) Buys $2.54B in Bitcoin in Third-Largest Purchase, Surpasses BlackRock Holdings

Strategy added 34,164 bitcoin to its treasury last week, spending about $2.54 billion in one of the largest single purchases in its history, according to a Monday regulatory filing.BlackRock: 802,823 BTC pic.twitter.com/MWssgJfyAS

Strategy continues to expand its capital raising capacity. Billions of dollars in additional common and preferred shares remain authorized for issuance under existing programs. These efforts form part of a broader plan to raise significant capital through equity and convertible instruments to fund further bitcoin purchases through 2027.

The scale of Strategy’s holdings now represents more than 3.8% of bitcoin’s fixed supply of 21 million coins, underscoring the firm’s outsized role in the market.

Shares of Strategy declined about 2.5% in pre-market trading following the disclosure, reflecting investor sensitivity to both bitcoin price movements and the company’s continued reliance on capital markets to fund acquisitions.

Bi-weekly STRC payouts

Strategy is moving to increase the frequency of payouts on its STRC preferred stock, signaling a push to make the Bitcoin-backed instrument more attractive to income-focused investors.

In a proposal, the company said it plans to shift STRC (Variable Rate Series A Perpetual Stretch Preferred Stock) dividends from a monthly to a semi-monthly schedule. The change would effectively split the current 11.50% annualized yield into two payments each month, offering more frequent cash flow and input to shareholders.

The adjustment reflects growing demand for shorter-duration income streams, particularly as Bitcoin markets remain volatile. With BTC trading near $74,000, Strategy appears to be positioning STRC as a more responsive yield product for both institutional and retail investors seeking regular liquidity.

STRC’s structure is designed to maintain a stable $100 par value through a variable dividend mechanism. When the share price dips below that level, the yield is increased to incentivize demand and support price stability. This dynamic rate-setting process — currently adjusted monthly — could become more reactive under a semi-monthly framework.

At the time of writing, the bitcoin price is dancing between $75,000 and $76,000.