STRC

MicroStrategy, the business intelligence firm turned bitcoin treasury company, has resumed its continuous bitcoin purchase programme, alongside proposed reforms to the dividend structure of its STRC preferred stock. The move signals the company is once again buying bitcoin on a rolling basis, while investors weigh how the dividend changes will affect the attractiveness of its funding instruments and its broader accumulation strategy.

Strategy, the Bitcoin-focused company formerly known as MicroStrategy, purchased more Bitcoin while simultaneously repurchasing shares of its STRC preferred stock in a transaction totaling roughly $294 million. The move signals the company is continuing to fund Bitcoin acquisitions even as it manages its complex capital structure of debt and preferred instruments.