Michael Saylor
Strategy nears STRC cap while sustaining bitcoin purchases
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Strategy is approaching the $28 billion issuance limit on its STRC preferred stock, yet the company continues to convert investor demand into spot bitcoin buys through a monthly funding cycle. Recent data shows purchases slowed after April's peak but remain active ahead of this week's ex-dividend deadline.
Michael Saylor's Strategy could acquire at least 3,127 BTC this week through STRC share sales. The purchases may reduce Bitcoin supply and support higher prices as bulls target 100,000 dollars.
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Strategy purchased 535 bitcoin last week for about 43 million dollars at an average price of 80,340 dollars per coin. The acquisition came days after the company signaled it might sell some holdings to fund dividends or retire debt. Executive chairman Michael Saylor said any such sales would have minimal net impact.