MicroStrategy’s STRC Preferred Stock Buys 10X More Bitcoin Than All ETFs in 2026
MicroStrategy’s STRC perpetual most well-liked inventory has funded the acquisition of 10 instances extra bitcoin (BTC) than all US spot ETFs mixed thus far in 2026.
The figures, sourced from bitcointreasuries.internet, present STRC-linked acquisitions totaling roughly 77,000 BTC year-to-date. Spot Bitcoin (BTC) ETF internet purchases sit at roughly 8,000 BTC over the identical interval.
How STRC Fuels Strategy’s Bitcoin Accumulation
Data highlighted by Bitcoin monetary providers agency River indicated the distinction, noting that STRC has purchased 10X extra Bitcoin than all ETFs thus far in 2026.
STRC is Strategy’s Variable Rate Series A Perpetual Preferred Stock, buying and selling close to its $100 par worth on Nasdaq. The instrument pays a variable annual dividend currently set at 11.5%, distributed month-to-month in money.
The mechanic is simple. When STRC trades at or above par, Strategy points new shares and channels the proceeds directly into bitcoin purchases.
This avoids diluting MSTR frequent inventory whereas changing credit score market demand into BTC on the steadiness sheet.
MicroStrategy bought 34,164 BTC for $2.54 billion through the week ending April 19, bringing whole holdings to 815,061 bitcoin.
That determine now surpasses BlackRock’s iShares Bitcoin Trust (IBIT), which holds roughly 806,178 BTC.
ETF Flows Still Positive however Comparatively Modest
Meanwhile, US spot Bitcoin ETFs recorded $238 million in internet inflows on April 20, in keeping with information on Farside Investors. That marked the fifth consecutive day of optimistic flows.
However, the cumulative internet new bitcoin coming into ETFs this 12 months stays a fraction of what a single corporate instrument has absorbed.
The hole highlights how yield-focused most well-liked fairness has created a definite accumulation channel that at present outpaces passive fund demand.
If MicroStrategy continues issuing STRC at its present tempo, projections from bitcointreasuries.internet recommend the agency may cross 1 million BTC by late 2026.
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