Strategy, one of the major institutional players in the cryptocurrency market, has expanded its weekly Bitcoin acquisitions with another purchase. This time, the company bought 3,273 BTC in a comparatively smaller transaction than previous weeks, paying $77,906 per Bitcoin. With this move, Strategy’s total BTC holdings have reached 818,334. The company has also announced that the average purchase price of all its Bitcoin is now $75,537.
Adjustment in acquisition strategy and share issuance
This most recent purchase represents the lowest volume of the transactions conducted in April. Only a week earlier, Strategy had carried out one of the largest single Bitcoin investments on record, acquiring 34,164 BTC. In the latest move, the company spent a total of $255 million and issued 1.45 million new MSTR shares to finance the acquisition. The company’s ongoing Bitcoin buy policy remains independent of market price, contingent instead on its ability to generate new capital.
According to Strategy, “with the recent 3,273 BTC purchase, the total amount of Bitcoin accumulated to date is 818,334. The aggregate spend has reached $61.81 billion, with an average cost per BTC of $75,537. All acquisitions have been funded via company share issuances.”
Following the transaction, MSTR shares climbed to $171.02, near their one-month high, illustrating how closely the company’s stock moves in tandem with cryptocurrency market trends. In the short term, the issuance of new shares is not expected to pose significant risk to existing shareholders, provided Strategy continues its current strategic approach and retains market confidence.
STRC yield slowdown becomes evident
The latest Bitcoin purchase came just after the company paused its STRC-linked bond issuances for a week. Although STRC continues to attract investors with monthly yields of 11.5%, fluctuations in actual returns are leading to swings in new fund inflows. Demand for STRC typically peaks during dividend periods, yet momentum weakens in intervening weeks.
On Monday, $9 million in STRC was sold, but trading volume in STRC has slowed noticeably in recent times. To better manage demand, the company now aims to shift to biweekly payments, smoothing out peaks and maintaining steadier inflows.
Market outlook and evolving risks
In recent months, price volatility for STRC has hovered between 2% and 3%, helping it maintain its status as the most actively favored stock among institutional offerings. Rather than diversifying into new instruments, the company has chosen to concentrate on STRC, targeting an additional $19.4 billion in capital. According to internal data, STRC’s risk-free yield is currently at 3.7%.
While STRC offers a robust dividend and a two-year payout schedule, market observers have raised concerns about the sustainability of these dividends if the company’s cash buffers or incoming funds begin to dwindle. Nevertheless, management remains committed to its BTC acquisition strategy, and expectations are that STRC yields will recover in the near future.
Overall, Strategy’s latest acquisition highlights its dynamic asset management approach. According to CryptoAppsy, the company purchased Bitcoin at $77,906 per coin and now holds an average BTC cost of $75,537 across its portfolio.
