Strategy generated over $2 billion this past week alone through its ongoing STRC preferred stock offering. Data from Bitcoin Treasuries shows significant capital flowing into Strategy’s STRC from May 11 to May 14.
Their tracking shows the company pulled in the equivalent of 2,543 $BTC on May 11, 2,982 $BTC on May 12, and 5,164 $BTC on May 13.
Capital accumulation also maximized on May 14, with daily STRC ATM inflows spiking to an estimated 14,439 $BTC. This activity alone generated $1.17 billion in net proceeds and pushed daily trading volume past $1.54 billion.
Recent reports indicate weekly STRC-related inflows crossed the $2 billion mark as the company revived one of its largest financing mechanisms for Bitcoin purchases.
Analysts say the capital raise could pave the way for another major $BTC acquisition, following Strategy’s completion of several multibillion-dollar Bitcoin buys earlier this year.
Will Strategy use STRC proceeds to buy more Bitcoin?
Overall, in just four trading days, Strategy secured about $2.03 billion in fresh capital from the STRC ATM program, which could translate into purchases exceeding 25,000 $BTC. The strong market response has further lifted STRC’s market capitalization to $8.5 billion, putting it in the top spot among tradeable preferred stocks worldwide.
Executive Chairman Michael Saylor once defined preferred shares as a “digital credit instrument,” structured to capture yield-seeking capital to finance the company’s continuous Bitcoin acquisition strategy.
At the moment, the preferred shares are steadily marching toward a $100 price tag.
Last week, STRC maintained a steady trading range, ending at $100 on May 11 and May 13. It had climbed to about $100.01 on May 12, but on May 14 it dropped to $99.99 and then to $99.24 on May 15.
The asset’s annual yield still sits at 11.5%, even as yields across the market soften. The company’s management is considering moving from a monthly to a semi-monthly dividend payout. Right now, the annual dividend bill is around $1.5 billion and keeps rising with each stock issuance.
Some analysts warn that the model introduces rising financial obligations. Strategy’s growing stack of preferred securities could pressure the company to eventually monetize portions of its Bitcoin holdings if dividend costs rise faster than incoming capital.
During recent earnings discussions, company executives acknowledged Bitcoin sales could occur if needed to support dividend payments, signaling a shift from the company’s long-standing “never sell” narrative.
Overall, STRC’s performance over the last week suggests possible $BTC accumulation. However, more recently, Polymarket traders have sharply pushed the likelihood of a Strategy Inc.
Bitcoin liquidation to 86% before 2026 concludes. Odds spiked from the 30% range after Saylor opened the door to selective sales during the Q1 earnings call. The market flipped after the executive stated on May 5 that selling one Bitcoin would fund the purchase of 10 to 20 more, a massive retreat from the company’s old “never sell” rule.
Nonetheless, Strategy just purchased roughly $43 million worth of $BTC on May 11.
Strategy will repurchase about $1.5 billion of its convertible senior notes due 2029
Meanwhile, as previously reported by Cryptopolitan, Strategy has agreed to privately repurchase approximately $1.5 billion of its 0% convertible senior notes due 2029.
The company is expected to spend approximately $1.38 billion in cash. Once the transaction is finalized, Strategy will retire the bought-back debt and simultaneously cut the associated debt line by 50%.
However, the payout structure partially relies on the daily volume-weighted average price of MSTR Class A equity over a specified measurement window. As a result, the nominal $1.38 billion amount is variable and could be adjusted to reflect the stock’s market performance during the window.
To finance the payments, the company said it could rely on cash reserves, funds raised through the at-the-market program, proceeds from securities sales, or Bitcoin liquidation. Subject to standard closing conditions, the deal is expected to close on May 19. Strategy will retire the bought-back notes afterward, while approximately $1.5 billion of the 2029 convertible notes will remain in circulation.
