Saylor is on the move again...STRC raises $240 million

▲ Strategy (MSTR), Bitcoin (BTC)/AI generated image

STRC, supported by Strategy, secured net proceeds of $240.13 million through an at-the-market equity offering program. As STRC traded above its par value and investor demand for preferred shares continued, Michael Saylor, Chairman of Strategy, publicly gave a positive assessment of the US cryptocurrency market structure bill.

CoinGape reported on the 13th that STRC recorded net proceeds of $240.13 million that day. According to Bitcoin Treasuries, this amount is sufficient to purchase 2,978.5 BTC at an average of $80,622 per Bitcoin (BTC). STRC previously raised $206 million in Monday's trading, bringing the total funds raised this week over two days to $440 million.

Based on the latest fundraising, Strategy is estimated to have secured funds to purchase at least 5,500 BTC this week. STRC closed at $100.01, slightly above its $100 par value, and the combined trading volume for regular and after-hours trading reached $370.42 million.

Strategy previously purchased an additional $43 million worth of Bitcoin on the 11th. As the influx of funds through STRC expands, Strategy's capacity to purchase Bitcoin is again drawing attention. However, this report did not separately confirm when the funds raised by STRC were actually used to purchase Bitcoin.

Saylor also expressed a positive stance on the US cryptocurrency market structure bill. Through X (formerly Twitter), he stated that the bill could open the next flow of digital capital, digital credit, and digital equity in the US and global markets. Saylor mentioned that the bill is linked to institutional validation for Bitcoin, a framework for an STRC-based digital yield market, and the broad adoption of MSTR.

Saylor further explained that the bill recognizes reward activities linked to payment stablecoins and distributed ledger participation as key elements enabling innovation, competition, and consumer adoption. He emphasized this as a path towards a responsible digital yield market.

Strategy is also conducting a shareholder vote regarding the STRC dividend structure. The company's proposed plan is a semi-monthly payment structure, increasing the frequency of STRC dividend payments to the 15th and end of each month. Strategy stated that this method is expected to reduce price volatility around ex-dividend dates, create tighter trading near par value, and increase reinvestment opportunities.

Strategy explained that even if the proposal passes, it will not affect shareholder economics. The company stated that changing the dividend structure could contribute to price stability, reduced circularity, increased liquidity, and increased demand.

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