How Much Bitcoin Can Michael Saylor Buy via Strategy’s STRC Stock?
Strategy's STRC preferred stock surge could generate $302 million in proceeds for Michael Saylor to potentially buy around 4,300 Bitcoin.Summary
Michael Saylor's company, Strategy (MSTR), utilizes its income-focused preferred stock, STRC, as a yield-based funding tool to acquire more Bitcoin (BTC). STRC was launched in July 2025, raising significant capital initially, which was used to buy over 21,000 BTC. The mechanism involves paying investors a variable monthly yield to keep the stock near its $100 par value, effectively turning investor demand for yield into capital for BTC purchases.
Recent analysis by BitcoinQuant suggests that the surge in STRC trading this week could unlock approximately $302 million in net proceeds, assuming a 40% capture rate from volume traded above par. Based on Bitcoin prices between $68,000 and $73,000, this capital could fund the purchase of roughly 4,334 BTC.
While Friday alone saw a record $188 million in STRC trading volume, the actual impact on Strategy's Bitcoin holdings will only be confirmed in the company's next SEC filing on March 9, as previous STRC sales contributed to smaller, recent BTC purchases.
(Source：Cointelegraph)