Strategy rebounds with $43M BTC buys after STRC recovery
Strategy, led by founder Michael Saylor, says it accelerated Bitcoin accumulation after its STRC shares returned to their $100 nominal value. The firm resumed selling STRC shares to fund purchases and bought about $43 million worth of Bitcoin over the past week.
Key figures: Strategy executed BTC transactions at an average price of $80,340 per BTC. The buys were funded by capital raised through STRC share sales, with early trading volume of 77,000 shares and roughly $3.78 million in fresh capital—enabling another 47 BTC to be added to the portfolio.
Dividend model change: After the April STRC dividend payment, the stock entered an 18-day recovery window, highlighting dividend-date volatility. Management proposed a twice-monthly dividend schedule, open for shareholder voting through June 8. If approved, the first dividend under the revised system would be earliest on July 15, 2026, aiming to reduce excessive STRC price swings.
Strategic shift: While Strategy is known for an “always hold” Bitcoin stance, it now follows a “never be a net seller” principle. That means it may sell some BTC to meet dividend obligations, but for every BTC sold the company targets buying 10–20 more BTC, keeping growth as the priority.
For traders, the near-term signal is clear: sustained STRC-driven liquidity is translating into active BTC demand. If the dividend change reduces volatility around payout dates, it could also improve predictability for STRC-related risk and positioning.
Bullish
The news is effectively a confirmation of ongoing BTC spot demand from a listed corporate vehicle. Strategy’s “never be a net seller” framing, combined with $43M BTC purchases funded by STRC share sales, suggests a near-term flow of capital into BTC rather than an exit.
Short-term, this can support sentiment around BTC because traders may interpret the dividend-related mechanics as turning capital raising into periodic BTC buying. The earlier “18-day recovery” around dividend dates implies volatility risk, but the proposed twice-monthly payout schedule is aimed at smoothing that pattern—potentially reducing sharp, date-driven reactions.
Long-term, if shareholders approve the new dividend model and the company consistently executes its 10–20x buyback target after any required BTC sales, it could structurally reinforce the company’s role as a persistent BTC buyer. Similar corporate-dividend-to-BTC accumulation dynamics have historically been associated with steadier demand narratives, which can dampen sell-pressure expectations.
Risks remain: any rejection/delay of dividend reforms could keep payout-window volatility higher, and market-wide BTC drawdowns could still overwhelm company-level buying. Still, the direction of capital flow in this report is net-positive for BTC positioning.