Strategy pushes Bitcoin stash over $69B, raises STRC dividend to 10% amid criticism
Strategy, the enterprise intelligence agency previously often called MicroStrategy, has bolstered its Bitcoin place with one other massive buy.
In a Sept. 2 filing with the US Securities and Exchange Commission (SEC), the corporate reported buying 4,048 BTC for $449.3 million, paying a mean of $110,981 per coin.
The transfer lifts Strategy’s complete Bitcoin steadiness to 636,505 BTC, obtained at a mixed value of $46.95 billion, or roughly $73,765 per coin. At present market costs, that stash is valued at $69.24 billion.
According to Bitcoin Treasuries data, the agency’s holdings now signify simply over 3% of Bitcoin’s most provide, giving Strategy one of many largest company positions within the asset.
Following this buy, Strategy introduced that it had adjusted the dividend fee on its STRC most well-liked inventory, elevating the annual payout from 9% to 10%. The safety, launched in July, is non-convertible and designed to ship variable-rate earnings.
‘Reduced leverage’
The newest deal was financed by way of a mixture of widespread and most well-liked inventory choices.
According to the submitting, Strategy bought 1.24 million shares of its Class A typical inventory for $425.3 million. The firm raised the $46.5 million steadiness by way of its most well-liked share packages, together with STRK, STRF, and STRD.
This imbalance drew criticism from brief vendor James Chanos, who has publicly guess towards the agency.
Chanos argued that the heavy reliance on widespread inventory suggests traders stay cautious of the popular choices, that are structured for earnings seekers and higher-risk contributors.
He wrote:
“MSTR continued to REDUCE its leverage this previous week. 90% of its securities bought was from the widespread fairness ATM.”
Despite Chanos’s declare, Strategy has already raised $5.6 billion in 2025 by way of the preliminary public choices of those securities. Notably, the IPOs account for 12% of all US preliminary public choices this 12 months.
Considering this, Strategy’s supporters proceed to argue that there’s a important demand for these belongings available in the market.
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