According to the data announced by BitcoinQuant, thanks to the activity in the market, Strategy company purchased 11,707 Bitcoins. These purchases were made through the company’s at-the-market (ATM) program. The ATM program allows the company to create additional funds for the purchase of Bitcoin by selling newly issued shares.
Record interest in STRC shares
In recent sessions, STRC shares have generally found buyers at or above $100 par value. Particularly on Thursday, transaction volume attracted attention, increasing four times the average daily volume of the last 30 days. The average daily transaction volume in the last month was approximately 331 million dollars.
STRC offers investors an annual cash dividend of 11.5 percent. This return is realized through monthly payments and becomes an attractive alternative for investors in the short term.
Dividend period and price movements
Securities for which dividend payments are made generally experience an increase in trading volumes in the session before the ex-dividend date. As of this date, investors who purchase new shares lose their right to receive the next dividend.
With Friday being the ex-dividend date for STRC, the main shares were seen falling to $99.12 in pre-market trading. This price means a decrease of approximately 1 percent. Experts state that such price decreases after ex-dividend are normal for stocks with dividend payments.
Trading volume in STRC shares before the ex-dividend date was well above average. Following the loss of the right to receive dividends, there was a slight decline in the share price, in line with the expected level.
Impacts on Bitcoin and related stocks
On the other hand, Bitcoin price dropped to $80,500 in recent trading. CryptoAppsy According to data, Bitcoin’s decline to these levels also had an impact on the stock markets. Share prices of some large companies, especially those investing in Bitcoin, also moved downwards. As a result of this process, MSTR shares lost 2 percent in pre-market transactions.
Such fluctuations seen in Bitcoin and its indexed stocks continue to be directly related to developments in the cryptocurrency market.
