Nine days after the ex-dividend date, STRC returns to a face value of 100 US dollars, assisting Strategy in expanding its Bitcoin holdings.
According to the latest report from Coindesk, the STRC perpetual preferred shares issued by Strategy Company recover to a face value of 100 US dollars within 9 trading days after the ex-dividend date. This is slightly faster than its historical average rebound speed of about 10 trading days, providing favorable conditions for the company to increase its Bitcoin holdings.
According to market norms, preferred shares typically decline after the interest payment date; however, STRC's stock price began to rise after nine trading days following the interest payment date (March 13).
On the interest payment date, new buyers of the stock no longer qualify for the next dividend, and the stock price typically experiences a decline as the company needs to distribute cash to original shareholders.
The core operational mechanism of STRC is to guide the stock price direction by adjusting the dividend yield. When the stock price face value is above 100 US dollars, the company can reduce dividends to suppress market demand;
Conversely, when the stock price falls below 100 US dollars, it will attract buyers by increasing dividends. Through this mechanism to stabilize the stock price, the company can issue new shares at a price close to face value to raise more funds for purchasing Bitcoin.
As a short-term high-yield credit tool, STRC offers an annualized dividend of 11.5% paid monthly. This structure effectively incentivizes trading activity near face value, allowing the company to continuously raise funds through market price issuance plans.
It is worth noting that in terms of fund utilization, Strategy purchased 1,031 Bitcoins last week at a total cost of 76.6 million US dollars, with an average price of 74,326 US dollars per coin;
Although the scale of this purchase has decreased compared to previous periods, the company's current Bitcoin holdings have reached 762,099 coins, solidifying its position as the largest Bitcoin holder globally.
In this way, if STRC's subsequent stock price quickly rebounds to the average price level, it will create favorable conditions for Strategy to raise more funds to increase Bitcoin holdings.
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