Strategy Surpasses BlackRock as Largest Institutional Bitcoin Holder

Strategy has acquired $2.54 billion worth of Bitcoin between April 13 and April 19, increasing its total holdings to 815,061 BTC. According to NS3.AI, this acquisition positions Strategy ahead of BlackRock's IBIT, making it the largest institutional holder of Bitcoin. The company financed a significant portion of this purchase through its STRC perpetual preferred stock. SEC filings reveal that Strategy raised nearly $3.3 billion from approximately 33 million new STRC shares and an additional $438 million from common stock during the period from April 1 to April 19. On April 17, Strategy proposed a change in STRC dividends from a monthly to a bi-monthly schedule, pending shareholder approval at its annual meeting on June 8.