[Bitwise CIO: Strategy-Driven Bitcoin Rally May 'Last for a While'] According to The Block, Bitwise Chief Investment Officer Matt Hougan stated that the perpetual preferred stock STRC issued by Strategy is the primary driver behind Bitcoin's recent rebound, and the rally may 'last for a while.' Hougan noted that Bitcoin has rebounded approximately 20% from its February low to $76,000. Since March 1, ETFs have purchased $3.8 billion, and long-term holders have also resumed buying. However, Strategy remains the largest single factor, having accumulated $7.2 billion worth of Bitcoin over the past eight weeks. STRC currently offers an annual yield of about 11.5%, and Hougan expects Strategy to raise several billion more through STRC to purchase additional Bitcoin. Last week, Strategy bought 3,273 Bitcoins for approximately $255 million, increasing its total holdings to 818,300 Bitcoins.