K33: Strategy's STRC may be driving Bitcoin's mid month rise

Odaily Planet Daily News: Vetle Lunde, head of K33 research, said that Strategy's perpetual preferred stock STRC may be an important factor driving Bitcoin's mid month rise. Lunde pointed out that STRC dividends are paid on the last day of each month, and the ex dividend date is set around the 15th of each month. Due to Strategy issuing additional shares through ATM mechanism when the STRC price exceeds the face value of $100, and using the raised funds to purchase BTC, the increasing demand for STRC in the market often drives more BTC buying before the ex dividend date. Data shows that the size of BTC purchased by Strategy through STRC has increased from 4467 in January this year to approximately 46872 in April. At present, Strategy's total holdings of Bitcoin have reached 818869 BTC, worth approximately $65.7 billion. However, K33 also pointed out that the speed at which STRC returns to its face value this month has slowed down compared to before. Recently, it has only increased its holdings of 1 BTC through this tool, indicating that market demand may be approaching a temporary plateau period.