Strategy (formerly MicroStrategy) added 535 Bitcoin to its treasury during the week ending May 12, spending roughly $43 million. The latest acquisition pushed the firm's total stash to a new record of 818,869 BTC, acquired at an aggregate cost of approximately $61.86 billion, with an average purchase price of $75,540 per coin. Bitcoin traded above $81,000 during the purchase window, keeping the overall position profitable.
STRC Preferred Shares Fund the Buy, MSTR Gains 9.8% Weekly
Funds came from sales of Class B common shares and Stretch perpetual preferred shares (ticker: STRC), raising about $42.9 million in the period. MSTR shares closed at $187.59, up 9.8% for the week, and edged higher in pre-market after the news. Still, the stock remains well below mid-2025 highs.
Executive Chairman Michael Saylor addressed future sales: the company may sell some Bitcoin to cover dividends or debt, but each coin sold could be replaced by acquiring 10–20 more under favorable financing terms. Increasing Bitcoin per share remains the core focus.
STRC's 11.5% Yield Without Redemption Rights Draws Scrutiny
STRC, a perpetual preferred share with an 11.5% annual dividend yield, is designed to trade near its $100 nominal value. Unlike conventional bonds, it grants no immediate cash redemption right — securing permanent capital while leaving holders reliant on market liquidity. Strategy proposed switching STRC dividends from monthly to semi-monthly to shorten reinvestment lag and boost stability.
Alongside STRC, the firm runs STRK, STRF, and STRD programs, aiming to raise a total of $84 billion by 2027. Saylor insisted that capital is typically raised when shares trade at a premium before being converted to Bitcoin, rebutting claims of buying at weekly peaks.
Bitcoin skeptic Peter Schiff renewed criticism, calling STRC unsuitable for retirees and warning of legal backlash. Saylor countered that Bitcoin is "digital capital" and that innovative financing tools are essential for expanding the reserve.