Strategy has taken another bold step in the digital currency market by announcing the purchase of 21,021 Bitcoin after raising $2.47 billion through an initial public offering of its preferred STRC shares, priced at $90 per share. Thus, the company's Bitcoin holdings have increased to 628,791 units, currently valued at over $46.8 billion, with an average cost of $73,227 per Bitcoin.
This recent purchase was made at an average price of $117,256 per Bitcoin, indicating that Strategy is confidently betting on the continuation of the market uptrend, despite some negative signals from major investors.
Standard public offering and monthly profits
The STRC stock offering is considered the largest in the United States this year, and these shares are expected to start trading on the Nasdaq market on July 30 under the symbol STRC. The shares will provide their holders with monthly dividends determined by the company's board of directors on a variable basis.
Decline of "whales" and continued institutional accumulation
While Strategy continues to pump investments into Bitcoin, data shows a decrease in the number of wallets holding more than 10,000 Bitcoin — which may indicate the exit of large investors. The number of these wallets has dropped to less than 90, resembling what happened at the end of the major bull run in 2021.
This contradiction between the withdrawal of "whales" and the continued rise in prices has raised concerns among some analysts, especially as the market sees increasing interest from individual investors. However, Strategy appears determined to continue accumulating, achieving an annual return of 25% on its Bitcoin investments by 2025.
Outlook
Everyone is watching the performance of STRC stock on its first trading day, amid expectations that this listing will affect the overall market mood towards companies related to digital currencies. Amid market fluctuations and interest from institutions and individuals, we may be on the verge of a new phase of divergence in investment trends.
