K33: STRARK Holdings Could Be Driving Mid-Month Bitcoin Rally

Odaily Planet Daily News K33 Head of Research Vetle Lunde stated that Strategy's perpetual preferred stock STRC may be becoming a key factor driving Bitcoin's mid-month price increases.

Lunde noted that STRC dividends are paid on the last day of each month, with the ex-dividend date set around the 15th of each month. Since Strategy issues additional shares through an ATM mechanism when the STRC price exceeds the $100 par value and uses the proceeds to purchase BTC, an increase in demand for STRC before each ex-dividend date tends to drive more BTC buying.

Data shows that the scale of BTC purchased by Strategy through STRC has grown from 4,467 BTC in January this year to approximately 46,872 BTC in April. Strategy's total Bitcoin holdings currently stand at 818,869 BTC, valued at approximately $65.7 billion.

However, K33 also pointed out that the speed at which STRC returned to its par price this month has slowed compared to before, and the company recently added only 1 BTC through this instrument, indicating that market demand may be approaching a temporary plateau.