Bitcoin breaks Strategy's STRC ex-dividend date slump for the first time in six months
CoinDesk
Bitcoin rose in the week following the STRC ex-dividend date for the first time in six months, signaling sustained market strength.Summary
For the first time in six months, Bitcoin has increased in value in the week following the ex-dividend date of MicroStrategy's STRC perpetual preferred stock. Typically, STRC shares decline by the dividend amount and take roughly two weeks to recover toward their par value. This current recovery is significant as it allows MicroStrategy to potentially utilize its at-the-market (ATM) program to issue shares and purchase more Bitcoin. The rally is supported by a short squeeze, driven by negative perpetual futures funding rates, and persistent U.S.-based spot demand, as evidenced by a Coinbase premium.
(Source：CoinDesk)