STRC, the dividend-paying preferred stock of MicroStrategy (MSTR), the largest US-based publicly traded Bitcoin holder, is one week past its dividend exit date on April 15. During this period, there was a significant rise in Bitcoin in the post-dividend week for the first time in six months; The price attracted attention by reaching $ 79,000.
Dividend period and price dynamics at STRC
At the ex-dividend date, Bitcoin was at around $75,000. Despite this, a strong trend was observed in both MSTR shares and Bitcoin price. STRC is known for providing rapid financing for the company’s Bitcoin purchases recently. As with other dividend stocks, STRC’s post-dividend denominator prices show a decrease close to the amount paid because new investors do not receive dividend rights during this period. Then, it seems that the shares recovered and approached the redemption value of $ 100 again in about two weeks. Currently, STRC price is at $99.47.
The rapid recovery of STRC price paves the way for the company to sell shares on the market again. In this way, MicroStrategy can continue to purchase Bitcoin with the resources it obtains. In recent days, MicroStrategy shares have risen more than 9 percent to $178. It is reported that the company created funds with shares in the spot market and used this fund for new purchases.
Historical Bitcoin purchases and market developments
MicroStrategy recently announced its third largest acquisition to date with the purchase of 34,164 Bitcoins. At the time of the purchase, BTC price was hovering around $75,000. This step once again demonstrated the company’s interest in Bitcoin and its aggressive investment strategy.
With the company’s latest move, it becomes clear that the rise in Bitcoin is fueled not only by the spot market but also by futures transactions and positioning in the market. Negative financing rates indicate that short positions remain dominant. The price increase accelerates the rise by causing short positions to be closed.
Spot demand and Coinbase premium in US markets
Another interesting data in this process was the premium on the Coinbase exchange. Due to intense purchasing by US-based investors, Bitcoin is changing hands at a higher price on the US-based exchange than on other platforms. This shows that spot demand continues and corporate interest remains alive.
MicroStrategy has long been a leader in the field of corporate crypto investments, with nearly 2000 employees and a market value exceeding 15 billion dollars, with 2024 figures. The company’s current financing model is closely followed by both crypto and traditional market players.
In the current environment in the market, the role played by STRC and MSTR, combined with factors such as Bitcoin price volatility and short squeeze, appears to be increasing the activity. The dynamics that continue BTC’s buying momentum are expected to be effective in the coming weeks.
