Strategy’s STRK Achieves Record Proceeds and Outperforms Bitcoin, S&P 500
Strategy's perpetual preferred stock, STRK, raised $59.7 million through its weekly at-the-market issuance, the highest since February. This capital will be used to purchase more bitcoin, increasing Strategy's total holdings to 576,230 BTC.
- STRK issuance involved approximately 621,555 shares
- Strategy has $20.79 billion remaining in the STRK ATM facility
- Current BTC yield stands at 16.3%, reflecting growth in BTC exposure per share
- STRK has contributed nearly 9% of total ATM proceeds, which amount to $705.7 million
- STRK offers an 8% annual dividend, equating to an effective yield of 8.1%
- Since launch, STRK has risen by 16%, outperforming bitcoin (10%) and the S&P 500 (-2%)
- STRK has a low correlation with MSTR common stock at 44%, but higher correlations with bitcoin (71%) and SPY ETF (72%)
