STRC May Help Strategy Get to 1 Million Bitcoin Faster, Beating BlackRock
Strategy's STRC preferred stock sales are accelerating Bitcoin purchases, potentially surpassing BlackRock's holdings and reaching 1 million BTC faster.Summary
Michael Saylor’s Strategy (MSTR) is leveraging its STRC preferred stock to rapidly increase its Bitcoin holdings, potentially exceeding BlackRock’s iShares Bitcoin Trust (IBIT) and reaching a 1 million BTC milestone sooner than anticipated. STRC’s dividend structure incentivizes trading near its par value, generating cash used to purchase Bitcoin. This week alone, Strategy acquired over 3,500 BTC through STRC share sales. With current trading volumes, STRC could theoretically purchase nearly 2,000 BTC daily, and even up to 5,700 BTC on record days, significantly outpacing Bitcoin’s daily mining supply. Analyst projections suggest Strategy could surpass 1 million BTC by August. While STRC offers a potentially lucrative investment, Strategy cautions investors about risks, including dividend adjustments, share price volatility, and potential dilution.
(Source：Cointelegraph)