TYSONS CORNER, Virginia, April 15, 2026, 17:08 EDT.
Strategy picked up 13,927 bitcoin for roughly $1 billion, funding the acquisition entirely through sales of its STRC preferred stock, according to an April 13 filing. With this buy, the firm’s total stash grew to 780,897 BTC, maintaining Michael Saylor’s lead as the top corporate bitcoin holder.
This is notable: Strategy just managed to pull in significant capital for bitcoin without touching its common stock, all within the same week. For the first time since it rolled out the high-yield Stretch security back in July, the entire weekly bitcoin buy was covered using those preferred shares alone.
Strategy moved 10,028,363 STRC shares through its at-the-market, or ATM, program during the week ended April 12, collecting roughly $1.001 billion in net proceeds. The company picked up bitcoin at an average price of $71,902 apiece, bringing total cost to $59.02 billion, or $75,577 per coin. According to the filing, no MSTR common shares changed hands in that stretch, and about $21.6 billion in STRC capacity plus $27.1 billion in common-stock capacity were still available.
STRC is a variable-rate perpetual preferred stock—no set maturity date and dividends instead of bond interest. Right now, it’s offering an 11.50% annual dividend, paid in cash each month. That rate gets adjusted monthly to help the shares hover near the $100 par. The next record date lands on April 15, with the cash payout scheduled for April 30.
STRC shares saw a quick jump in trading activity, with volume jumping from 11.7 million on April 13 to 15.7 million on April 14, according to StockAnalysis data. The price stayed close to $100 ahead of the dividend record date. Saylor, posting on X, said the issue recorded “$1.156B of liquidity,” just “one penny of volatility,” and “closed at par.” StockAnalysis
Strategy picked up around 4.5% to trade at $143.54 late Wednesday. Bitcoin itself edged higher, up 0.9% to $74,821. The company’s stack remains far ahead of other corporate holders like Metaplanet and MARA Holdings, data from BitcoinTreasuries.net shows.
Strategy’s reported shareholdings stood at 672,500 BTC as of year-end 2025, climbing to 780,897 by April 12. Monday on X, Saylor posted that Strategy hit a “BTC Yield of 5.6% YTD 2026,” describing the firm’s own metric for bitcoin growth versus diluted shares outstanding. Strategy confirmed Tuesday it’s set to release its first-quarter results after U.S. markets shut on May 5. Strategy
Still, the structure isn’t without issues. According to Strategy, STRC and its other preferreds aren’t backed by the company’s bitcoin, nor do they have more than a preferred claim on leftover assets. Dividend rates can drop significantly, and cash payments aren’t promised. As a result, the funding model leans hard on investor appetite to keep shares around $100.
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