Strategy pushes Bitcoin stash over $69B, raises STRC dividend to 10% amid criticism

Technique, the enterprise intelligence agency previously often called MicroStrategy, has bolstered its Bitcoin place with one other giant buy.

In a Sept. 2 filing with the US Securities and Trade Fee (SEC), the corporate reported buying 4,048 BTC for $449.3 million, paying a mean of $110,981 per coin.

The transfer lifts Technique’s whole Bitcoin steadiness to 636,505 BTC, obtained at a mixed price of $46.95 billion, or roughly $73,765 per coin. At present market costs, that stash is valued at $69.24 billion.

In line with Bitcoin Treasuries data, the agency’s holdings now signify simply over 3% of Bitcoin’s most provide, giving Technique one of many largest company positions within the asset.

Following this buy, Technique introduced that it had adjusted the dividend price on its STRC most popular inventory, elevating the annual payout from 9% to 10%. The safety, launched in July, is non-convertible and designed to ship variable-rate revenue.

‘Diminished leverage’

The newest deal was financed via a mixture of frequent and most popular inventory choices.

In line with the submitting, Technique bought 1.24 million shares of its Class A typical inventory for $425.3 million. The corporate raised the $46.5 million steadiness via its most popular share packages, together with STRK, STRF, and STRD.

This imbalance drew criticism from brief vendor James Chanos, who has publicly wager in opposition to the agency.

Chanos argued that the heavy reliance on frequent inventory suggests traders stay cautious of the popular choices, that are structured for revenue seekers and higher-risk contributors.

He wrote:

“MSTR continued to REDUCE its leverage this previous week. 90% of its securities bought was from the frequent fairness ATM.”

Regardless of Chanos’s declare, Technique has already raised $5.6 billion in 2025 via the preliminary public choices of those securities. Notably, the IPOs account for 12% of all US preliminary public choices this yr.

Contemplating this, Technique’s supporters proceed to argue that there’s a important demand for these property out there.

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