Bitcoin reserve strategy pioneer MicroStrategy announced an additional $1.2 billion to hedge Bitcoin, purchasing 17,994 more BTC last week, bringing total holdings to 738,731 BTC. This marks the first large-scale buy since January 20, especially through raising over $300 million via high-yield STRC. MicroStrategy’s unrealized Bitcoin losses now amount to $5 billion. Gold bull Peter Schiff, who often opposes Saylor, also expressed concern that the large dividends from STRC could trigger selling pressure.
Strategy invests $1.2 billion to hedge BTC
This time, the company raised funds through issuance of:
Preferred shares STRC, raising $377 million
Common shares MSTR, raising $899.5 million
Total funds raised: $1.2766 billion, used to acquire 17,994 BTC at an average cost of $70,946 per Bitcoin. As of March 9, 2026, Strategy holds 738,731 BTC with a total cost of $56.04 billion, averaging $75,862 per BTC.
Relying on high-yield STRC for large-scale fundraising, Saylor: volatility only 4%, a good choice
This is the first large-scale Bitcoin purchase since January 20, especially through raising over $300 million via high-yield STRC.
However, MicroStrategy founder Michael Saylor continues to promote STRC’s stability, regularly increasing dividend payouts to keep STRC price around $100. Yesterday, STRC’s trading volume reached $297 million, with 30-day volatility maintained at a low 4%.
(Difficulty facing MSTR’s declining stock price and Bitcoin’s sharp drop, MicroStrategy raises STRC preferred stock dividend to 11.5%)
MicroStrategy faces $5 billion unrealized loss, Peter Schiff: large dividends may trigger selling pressure
Gold bull Peter Schiff, often opposing Saylor, also expressed pessimism:
“MicroStrategy continues to buy Bitcoin by paying an 11.5% yield on STRC. As STRC shares increase, Strategy’s cash consumption grows. Once the cash runs out, Saylor will have to choose between suspending dividends and selling Bitcoin to pay dividends.”
Meanwhile, MicroStrategy’s Bitcoin holdings remain in loss, with unrealized losses reaching $5 billion.
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