STRC Discount and Bitget Loop Loan Arbitrage Opportunity
Bitget VIP Research reported this week that STRC is currently trading at $75, representing a 25% discount to its net asset value, which translates to an annualized yield of 16%. Simultaneously, the USDT funding rate on Bitget stands at 2.56%, creating a spread of approximately 13 percentage points. By employing a 1x leveraged loop loan strategy, investors can achieve an annualized net yield of 28.1%, offering a significant arbitrage opportunity for sophisticated market participants.
The Bitget Reality platform supports rSTRC and USDT loop loans within the same account, eliminating the need for cross-platform transfers. A unified risk management system monitors LTV (Loan-to-Value) in real time to ensure transaction safety. This streamlined workflow enables users to execute arbitrage strategies efficiently while reducing operational complexity and counterparty risk.
MSTR Dividend Hike and Large-Scale Buyback Program
On Monday during U.S. stock trading hours, Strategy (MSTR) announced an increase in STRC's annual dividend rate to 12%, effective July 1. In addition, the company established two separate $1 billion stock buyback programs, with STRC designated as the primary repurchase target, signaling management's confidence in the security's value. MSTR also authorized the sale of up to $1.25 billion worth of Bitcoin reserves specifically to ensure the payment of preferred stock dividends.
As of June 28, MSTR held a total of 847,363 BTC and had $2.55 billion in U.S. dollar reserves, underpinning its robust asset base. The dividend hike and buyback initiatives are expected to enhance STRC's attractiveness and could provide positive price support in the secondary market.
Ex-Dividend Date and Dividend Distribution Details
The ex-dividend date for this round is June 30. Investors holding rSTRC on or before this date are entitled to a dividend of $0.48 per share, which will be distributed on July 15. Market participants must ensure their rSTRC positions are settled prior to the ex-dividend date to qualify for the current dividend payment.