Overview
- Bitwise CIO Matt Hougan said Strategy has been the largest single buyer in the recent recovery, attributing much of the roughly 20% rise to about $7.2 billion of BTC buys over eight weeks.
- Strategy reported total holdings of about 818,334 BTC after purchasing 3,273 BTC for roughly $255 million last week.
- The company is funding the spree with STRC, a Nasdaq-listed preferred share that trades near its $100 par value and pays an 11.5% monthly dividend.
- Hougan estimated Strategy could issue another $10–15 billion of STRC before leverage becomes a concern, though rising dividend payments pose risk if Bitcoin stops climbing.
- At Bitcoin 2026, Michael Saylor said STRC has grown to about $8.5 billion outstanding with roughly 80% retail ownership and pitched it as a ‘digital credit’ model other firms could copy.