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Strategy’s STRC Machine Drives Bitcoin Buying as Holdings Top 818,000 BTC

Analysts now call the program the key prop for Bitcoin’s rebound.

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Strategy’s strc becomes world’s largest preferred stock in under one year, saylor says
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Overview

  • Bitwise CIO Matt Hougan said the firm’s recent purchases were the single biggest factor in Bitcoin’s roughly 20% recovery from its February low.
  • The company bought 3,273 BTC between April 20 and 26, lifting its total to 818,334 coins and edging past BlackRock’s reported client holdings.
  • At Bitcoin 2026 on Tuesday, Michael Saylor said STRC reached $8.5 billion in nine months, pays about 11.5% a year, trades near $100 on Nasdaq, and funds ongoing Bitcoin buys.
  • Analysts estimate obligations near $21 billion against roughly $63 billion of Bitcoin, a near‑33% ratio that they say could allow $10–15 billion more issuance before leverage reaches caution levels.
  • Skeptics like Peter Schiff warn rising payouts and softer demand could force sales in a negative loop, and shareholders vote June 8 on shifting preferred dividends to a semi‑monthly schedule.