Strategy, one of the major players in the cryptocurrency market, added a new one to its weekly Bitcoin purchases. This time, the company purchased a total of 3,273 Bitcoins in a smaller-scale transaction compared to previous weeks. Purchases were made at $77,906 per Bitcoin; Thus, the company’s total BTC assets reached 818,334. The average cost of Bitcoins held by the company was announced as 75,537 dollars.
Strategy change and share offering
This latest purchase remained at the lowest level among the transactions made in April. The previous week, the company made the third largest BTC purchase in history, acquiring 34,164 Bitcoins. It was stated that with the last purchase, a total of 255 million dollars was spent and 1.45 million new MSTR shares were issued for this transaction. In this process, the company’s BTC purchasing policy is maintained depending on the creation of new resources, regardless of the market price.
According to Strategy, “With the last purchase of 3,273 BTC, 818,334 BTC has been accumulated to date. While the total purchase price reached 61.81 billion dollars, an average of 75,537 dollars was paid per BTC. The purchases were made through the resources provided by the company through share issues.”
Following recent trading, MSTR shares rose to $171.02, approaching a nearly one-month high. This showed that the company gained value in parallel with the movements in the crypto market. It is thought that this new share issuance will not pose a serious risk for existing shareholders in the short term, and as long as the company can maintain the strategy it has adopted, confidence in the market will be maintained.
Slowdown in STRC returns
The latest BTC purchase comes after the company halted new bond issuances from STRC for a week. Although STRC attracts investors with the promise of 11.5 percent monthly return, new fund inflows vary periodically due to fluctuations in returns. While there is an increase in demand for STRC, especially during dividend distribution periods, the momentum remains low in other weeks.
A total of 9 million dollars of sales were made through STRC on Monday, but there has been a significant slowdown in STRC’s transaction volume recently. The company aims to distribute demand more evenly by making payments every two weeks in the coming period.
Market outlook and risks
In recent months, STRC’s price volatility has remained in the 2 to 3 percent range, and this product remains the most active preferred stock associated with treasury companies. The company has chosen to focus on STRC rather than different products and is pursuing a goal of raising additional $19.4 billion in funding. STRC’s risk-free return rate is currently trading at 3.7 percent, according to the company’s data.
STRC provides a high dividend rate while also offering a two-year payment plan. However, there are question marks in the markets about the sustainability of these dividends if the company’s cash reserves and new resource inflows decrease. Despite this, while the company management remains loyal to its BTC purchasing strategy, STRC revenues are expected to recover in the coming period.
In general, Strategy’s latest acquisition is interpreted as a reflection of the company’s active asset management policy. CryptoAppsy According to data, the company’s last Bitcoin purchase was at $77,906, and the average cost of BTCs held was $75,537.
