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- Strategy raised over $2 billion through its STRC preferred stock program.
- Michael Saylor’s “Big Dot Energy” post fueled speculation of another BTC purchase.
- The company now holds more than 818,000 Bitcoin worth roughly $64 billion.
Michael Saylor has once again sparked speculation across the crypto market after sharing the company’s well-known Bitcoin acquisition chart featuring large orange dots tied to previous purchases. This time, the post carried the caption “Big Dot Energy,” a phrase many traders interpreted as a signal that another major Bitcoin buy could be imminent.
The chart tracks Bitcoin purchases made by Strategy throughout 2024 and 2025. According to the dashboard, the company now holds roughly 818,869 BTC, valued at around $64 billion based on recent market prices.
Saylor’s social media posts have developed a reputation for foreshadowing Strategy’s Bitcoin acquisitions. Last week, the company purchased $43 million worth of BTC shortly after another orange-dot update appeared online, reinforcing expectations that a larger announcement may follow soon.
STRC Stock Program Brings in Billions
Beyond the market speculation, Strategy is also strengthening its capital pipeline through its STRC preferred stock offering. Over four trading days, the company reportedly generated approximately $2.03 billion in net proceeds through the STRC at-the-market program.
Market trackers estimate that amount could allow Strategy to acquire more than 25,000 BTC at current prices. The strongest inflow came on May 14, when estimated Bitcoin purchasing power surged to 14,439 BTC in a single day.
STRC, formally known as the Variable Rate Series A Perpetual Stretch Preferred Stock, was designed to help fund additional Bitcoin accumulation. The stock maintained a price near its $100 target for most of the week, reflecting relatively stable investor demand despite broader market volatility.
At the same time, Bitcoin traded between roughly $79,000 and $81,000 during the reporting period before slipping toward the $78,000 level over the weekend.
Dividend Proposal Gains Attention
Strategy shareholders are also voting on a proposal to change STRC dividend payments from monthly distributions to semi-monthly payouts. Voting remains open until June 8, 2026.
If approved, the first revised dividend payment would begin in mid-June. STRC currently offers an annualized yield of 11.5%, adjusted monthly to keep the preferred shares trading near par value.
The company’s balance sheet shows a complex capital structure, including more than $8 billion in debt and over $13 billion in preferred stock obligations. However, Strategy also maintains over $2 billion in cash reserves, giving it additional flexibility for future Bitcoin purchases.
Also Read: Powell Exits Fed as Bitcoin Faces Major Inflation Test Under New Chair
Bitcoin Market Watches Saylor Closely
With Bitcoin treasury firms becoming increasingly influential in crypto markets, investors continue to monitor Strategy’s activity closely. Saylor’s latest message has renewed expectations that another sizeable Bitcoin acquisition could soon be announced, especially after the company’s recent multi-billion-dollar capital raise.
If Strategy deploys the newly raised funds into Bitcoin, it could further reinforce institutional confidence in BTC while adding fresh momentum to the market narrative surrounding corporate Bitcoin adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
