Bitcoin keeps rallying mid-month – Is Saylor using Strategy’s STRC funding loop to pump BTC?
CryptoSlate
Research suggests Strategy is using its STRC preferred stock to fuel monthly Bitcoin purchases, creating a predictable pattern of demand.Summary
Strategy (formerly MicroStrategy) has been utilizing its perpetual preferred stock, STRC, to finance significant Bitcoin acquisitions. Investors seeking dividends purchase STRC ahead of mid-month deadlines, driving up the stock price and allowing Strategy to issue more shares to buy Bitcoin. While this loop has effectively increased the company's holdings, analysts warn that high dividend costs and potential dilution could create long-term financial fragility, especially if market conditions deteriorate.
(Source：CryptoSlate)