Strategy
Analytics and business intelligence company (Nasdaq: MSTR)
News Heat Trend
Project Overview
Strategy (Nasdaq: MSTR) is an independent, publicly-traded analytics and business intelligence company. It follows two corporate strategies: (1) to grow its enterprise analytics software business to realize the vision of Intelligence Everywhere, and (2) to acquire and hold Bitcoin, which it sees as a reliable store of value, backed by a robust, public, open-source architecture, independent of sovereign monetary policy.
AIMCo Discloses Holding $219 Million in Strategy Shares
Alberta Investment Management Corporation (AIMCo) disclosed in a regulatory filing on April 30 that it holds $219 million worth of shares in Strategy, a decentralized finance (DeFi) asset management protocol. Strategy provides institutional-grade yield optimization and automated risk management services. The investment aligns with trends including real-world asset (RWA) tokenization, automated liquidity allocation, and institutional participation in on-chain finance.
Benchmark refutes "circular financing" allegations: Strategy STRC bitcoin model is not a Ponzi structure
market分歧 has widened regarding Strategy's financing model of continuously accumulating Bitcoin through its preferred stock STRC. Benchmark analyst Mark Palmer stated in his latest report that the interpretation of the STRC model as a "circular financing or Ponzi structure" is a "serious misreading" and emphasized that the mechanism is an "intentionally designed and sustainable capital framework," with the core logic being to convert market demand for yield into long-term Bitcoin exposure.According to an SEC 8-K filing, Strategy raised approximately $3.5 billion in the first three weeks of April, with over 85% coming from STRC issuance. Subsequently, it made three consecutive purchases within the following three weeks, acquiring a total of 51,364 Bitcoins worth approximately $3.9 billion. Strategy's total Bitcoin holdings have now increased to 818,334 BTC, with a market value of around $62.5 billion, and it has recently returned to an unrealized profit of about $700 million.Benchmark believes that this structure does not rely on continuous issuance to sustain itself and could even sell a portion of its Bitcoin to pay preferred stock dividends if necessary. However, significant market skepticism remains, with some arguing that selling financed assets to pay dividends could be perceived as a risk signal, potentially triggering broader market pressure. (The Block)
21 Capital Releases Corporate Strategy Update: Integrating Mining and Capital Markets While Continuously Accumulating Bitcoin
According to Businesswire, Bitcoin treasury company TwentyOne Capital has updated its corporate strategy, aiming to integrate Bitcoin reserves, mining operations, financial services, and capital markets activities through mergers and acquisitions. Specific initiatives include: - Financial services and distribution, covering licenses, compliance, custody, technology, and institutional and retail client bases; - Bitcoin infrastructure, involving low-cost, high-hashrate Bitcoin mining to continuously expand Bitcoin reserves; - Capital markets strategy, securitizing loan portfolios and mining revenue and supporting non-dilutive leveraged financing of BTC reserves with operating cash flow; - Acquiring value-accretive Bitcoin companies, using ongoing cash flow to continuously accumulate Bitcoin.
BIT: There is a certain divergence in the performance of Strategy and Bitcoin, warranting attention to their relative performance
BIT has released a chart stating that the cumulative acquisition cost of Bitcoin currently held by Strategy (formerly MicroStrategy) is approximately $62 billion. Even though Bitcoin has been in a consolidation phase over the past two quarters, the company has continued to raise funds through capital markets and used the proceeds to increase its BTC holdings.Historically, the correlation between Strategy's stock price and Bitcoin's price has been relatively tight. During bull markets, Strategy's stock price is more sensitive to changes in Bitcoin's price, showing greater upward elasticity and often delivering more prominent relative performance. However, when market momentum weakens, the stock price can sometimes weaken earlier than Bitcoin.Currently, there is a certain divergence in the performance of Strategy and Bitcoin. If historical patterns still apply, such divergence is worth continuous attention. Should the two converge again in the future, it could imply an improvement in Strategy's relative performance compared to Bitcoin, but this change remains dependent on the overall market environment.
Analysis: Strategy’s Bitcoin Purchases Plunge 91%, Possibly Linked to STRC Cooling Off
According to Decrypt, Bitcoin treasury company Strategy purchased only 3,273 BTC last week—down approximately 91% from the previous week’s acquisition of 34,164 BTC for $2.54 billion. Analysts attribute this slowdown in buying pace to cooling market sentiment surrounding Strategy’s perpetual preferred shares (STRC). STRC had previously driven Strategy to execute its largest BTC purchase in nearly 16 months, fueled by an 11.5% monthly dividend. However, since the ex-dividend date on April 14, STRC’s price has persistently traded below its $100 target range, prompting Strategy to issue 1.4 million common shares for fundraising last week. Notably, Michael Saylor has announced plans to adjust STRC’s dividend distribution frequency to biweekly, aiming to mitigate cyclical fluctuations in the company’s BTC acquisition rhythm.
Analysis: Strategy’s financing instrument STRC falls below its $100 par value, potentially exerting downward pressure on Bitcoin
According to Cointelegraph, Strategy’s financing instrument STRC has traded below its $100 par value since April 15, potentially undermining its ability to continuously raise capital via share issuance to purchase Bitcoin—raising the risk of Bitcoin falling below $70,000. Strategy previously disclosed that approximately 86% of the funding for its most recent Bitcoin purchase—34,164 BTC—came from STRC financing. The report also notes that historically, during periods when Strategy paused Bitcoin purchases, Bitcoin’s average decline was around 30%. Technically, if the lower boundary of the flag pattern is breached, Bitcoin could fall toward the $67,000–$69,000 range; however, if it holds above both the 20-day and 50-day EMAs, price may still rebound and test the $78,000 resistance level.
AIMCo Discloses Holding $219 Million in Strategy Shares
Alberta Investment Management Corporation (AIMCo) disclosed in a regulatory filing on April 30 that it holds $219 million worth of shares in Strategy, a decentralized finance (DeFi) asset management protocol. Strategy provides institutional-grade yield optimization and automated risk management services. The investment aligns with trends including real-world asset (RWA) tokenization, automated liquidity allocation, and institutional participation in on-chain finance.
21 Capital Releases Corporate Strategy Update: Integrating Mining and Capital Markets While Continuously Accumulating Bitcoin
According to Businesswire, Bitcoin treasury company TwentyOne Capital has updated its corporate strategy, aiming to integrate Bitcoin reserves, mining operations, financial services, and capital markets activities through mergers and acquisitions. Specific initiatives include: - Financial services and distribution, covering licenses, compliance, custody, technology, and institutional and retail client bases; - Bitcoin infrastructure, involving low-cost, high-hashrate Bitcoin mining to continuously expand Bitcoin reserves; - Capital markets strategy, securitizing loan portfolios and mining revenue and supporting non-dilutive leveraged financing of BTC reserves with operating cash flow; - Acquiring value-accretive Bitcoin companies, using ongoing cash flow to continuously accumulate Bitcoin.
The European Blockchain Association, together with former European Central Bank officials, released a report calling for reforms to MiCA to enhance the competitiveness of euro-pegged stablecoins.
According to Blockchain for Europe, the European Blockchain Association, together with Dr. Ulrich Bindseil, former Director General of Market Infrastructure and Payments at the European Central Bank, and Erwin Voloder, the Association’s Director of Research and Strategy, jointly released the report “Reforming MiCA to Support Euro Stablecoins” on April 27. The report acknowledges MiCA’s significance as a landmark regulatory framework, while also pointing out that certain design choices may place Europe in an unfavorable zone of the regulatory “Laffer curve”—overly stringent requirements could undermine the competitiveness of EU markets and drive related business activities outside the EU. To address this, the report puts forward a series of targeted, pragmatic reform proposals aimed at enabling MiCA to foster a more competitive, resilient, and globally influential euro stablecoin ecosystem. It further calls on policymakers, industry participants, and all stakeholders to actively engage in discussions to collectively advance the continuous refinement of the MiCA framework.
Analysis: This BTC rebound is driven by “liquidity” rather than a fundamental strengthening of the trend.
According to The Block, Bitcoin rose approximately 6% this week, briefly reaching $76,300—the highest level in nearly two months—yet the Crypto Fear & Greed Index remains at 21 (“Extreme Fear”). Multiple institutional analysts characterize this rally as “liquidity-driven” rather than a structural strengthening. Glassnode notes that while spot demand and ETF inflows have improved, the recovery lacks depth, institutional participation remains cautious, and options market positioning continues to favor downside protection. Bitfinex attributes this price increase primarily to concentrated buying by “Strategists” (who purchased 13,927 BTC last week), rather than an organic rebound in demand. Analysts broadly view $75,000 as a critical support level; if structural buying wanes and this level fails to hold, prices could retreat to the $70,000–$71,000 range. On the macro front, the Federal Reserve’s policy trajectory and the June FOMC meeting are seen as the next key risk catalysts.
Europe’s Bitcoin reserve strategy is difficult to replicate the MicroStrategy model, with localization becoming the mainstream approach
According to CoinTelegraph, at the 2026 Paris Blockchain Week, Thomas Vogel, a partner at law firm Latham & Watkins, stated that Europe faces significantly different regulatory constraints compared to the U.S. regarding the issuance of financial instruments such as convertible bonds. Differences in capital market depth, regulatory environments, and investor behavior make it difficult for European companies to directly replicate MicroStrategy’s Bitcoin treasury strategy. Alexandre Laizet, Head of Bitcoin Strategy at French treasury firm Capital B, noted that European firms are instead turning to local market infrastructure—such as France’s public markets and Luxembourg-based structures—to raise Bitcoin-linked capital. Currently, major Bitcoin-holding enterprises in Europe lag far behind their U.S. counterparts in scale: Germany’s Bitcoin Group SE holds 3,605 BTC (approximately $268 million); Capital B holds 2,925 BTC at an average purchase price of $99,932, resulting in an unrealized loss of approximately 25.6%; the Netherlands’ Treasury holds 1,111 BTC at an average price of $111,857, with an unrealized loss of roughly 33.5%; and Sweden’s H100 Group holds 1,051 BTC at an average price of $114,615, incurring an unrealized loss of about 35.1%.
Nauru Appoints Crypto Entrepreneur Dadvan Yousuf as International Trade Commissioner to Advance Digital Asset Strategy
According to Cointelegraph, the Pacific island nation of Nauru has appointed cryptocurrency entrepreneur Dadvan Yousuf as its International Trade Commissioner to advance its digital asset strategy and attract global investment. Nauru’s President David Adeang stated that this move aims to strengthen cross-border collaboration with virtual asset service providers, financial institutions, and technology companies, positioning Nauru as a hub for virtual asset activities. Previously, Nauru enacted legislation establishing the Command Ridge Virtual Asset Authority (CRVAA), a dedicated regulatory body overseeing virtual asset activities—including cryptocurrency firms and digital banks. Officials said Yousuf will assist Nauru in promoting international cooperation and harmonizing compliance standards. Notably, Yousuf previously drew regulatory scrutiny in Switzerland for unlicensed token sales related to a cryptocurrency project he founded. This appointment marks Nauru’s strategic shift from building a regulatory framework to actively promoting its digital asset industry.
Canadian pension giant AIMCo buys the dip on Strategy, unrealized gain of approximately $69 million
Alberta Investment Management Corporation (AIMCo), a Canadian asset management institution, disclosed that it purchased approximately 1.38 million shares of Strategy (MSTR) in the first quarter, with an investment amount of about $172 million.Based on the current stock price of approximately $175, the market value of this position has risen to about $241 million, resulting in an unrealized gain of roughly $69 million. AIMCo's average cost basis for the position is approximately $125 per share.AIMCo previously held shares of the company from 2019 to 2020 and liquidated its position shortly after the company pivoted to its Bitcoin treasury strategy.
Benchmark refutes "circular financing" allegations: Strategy STRC bitcoin model is not a Ponzi structure
market分歧 has widened regarding Strategy's financing model of continuously accumulating Bitcoin through its preferred stock STRC. Benchmark analyst Mark Palmer stated in his latest report that the interpretation of the STRC model as a "circular financing or Ponzi structure" is a "serious misreading" and emphasized that the mechanism is an "intentionally designed and sustainable capital framework," with the core logic being to convert market demand for yield into long-term Bitcoin exposure.According to an SEC 8-K filing, Strategy raised approximately $3.5 billion in the first three weeks of April, with over 85% coming from STRC issuance. Subsequently, it made three consecutive purchases within the following three weeks, acquiring a total of 51,364 Bitcoins worth approximately $3.9 billion. Strategy's total Bitcoin holdings have now increased to 818,334 BTC, with a market value of around $62.5 billion, and it has recently returned to an unrealized profit of about $700 million.Benchmark believes that this structure does not rely on continuous issuance to sustain itself and could even sell a portion of its Bitcoin to pay preferred stock dividends if necessary. However, significant market skepticism remains, with some arguing that selling financed assets to pay dividends could be perceived as a risk signal, potentially triggering broader market pressure. (The Block)
Saturn spends $17 million to increase STRC position, total holdings rise to approximately $50 million
Saturn, a developer of on-chain yield stablecoins, announced it has purchased approximately $17 million worth of shares related to STRC, Strategy's perpetual preferred stock, over the past three days. Its total holdings have now increased to about $50 million. Analysts believe that Saturn's continued accumulation reflects long-term confidence in STRC's asset structure and yield mechanism, further strengthening its asset allocation within the on-chain yield stablecoin strategy.
Bernstein: Cryptocurrency Market Shows Structural Strength; Bitcoin Poised to Enter a Longer-Term Bull Market
According to The Block, Bernstein analysts stated in their latest report that the fundamentals of the crypto market are continuously improving. Bitcoin’s recent low of $60,000 has formed a clear bottom, and with the current price approaching $80,000, a longer-term structural bull market is likely, driven by institutional demand. Bernstein analyst Gautam Chhugani highlighted the following key drivers: • Ongoing expansion of institutional channels: Morgan Stanley’s Bitcoin ETF and Charles Schwab’s spot Bitcoin/Ethereum trading platform have both recently launched; approximately 60% of Bitcoin supply has remained unmoved for over one year, indicating a stabilizing holder structure; • Persistent accumulation by Strategy: Its STRC perpetual preferred stock product has attracted yield-oriented investors, and its current holdings stand at 818,334 BTC; • Stablecoin demand hits an all-time high: Stablecoin supply has surpassed $30 billion, decoupling from the crypto market’s price cycle and reflecting sustained real-world payment and settlement demand; • Tokenized real-world assets accelerating growth: Tokenized private credit and Treasury assets now total $34.5 billion, representing a 110% year-on-year increase. Bernstein also cautioned that quantum computing poses a long-term potential risk, though it expects the blockchain ecosystem to have ample time to complete the transition to post-quantum security.
QCP: BTC Monthly Gain Exceeds 14%; Geopolitical and Security Incidents Disrupt Market Sentiment
QCP Group’s analysis states that U.S.-Iran negotiations have once again collapsed, while the Middle East ceasefire continues, leaving the overall geopolitical landscape relatively static. A shooting incident occurred at the White House Correspondents’ Dinner, with Trump suspected as the target. Following Asia’s market open, BTC briefly surged past $79,000 and ETH above $2,400—but gains quickly reversed amid concerns triggered by news of Iran’s Foreign Minister traveling to Russia for talks with Putin. Since early April, BTC has rallied over 14% cumulatively, marking four consecutive weeks of positive closes. Spot ETFs recorded nine straight days of net inflows totaling approximately $2.11 billion. Strategy funds added over $3.8 billion worth of BTC in the past month. The current key resistance level for BTC lies near the CME gap around $82,000. BTC perpetual contract funding rates remain persistently negative; a breakout above this level could trigger short-covering. Implied volatility continues declining, and risk-reversal skew has narrowed somewhat, signaling gradually rising market interest in upside exposure. Key events this week: - April 29: Earnings reports from Microsoft, Amazon, Meta, and Google, plus the FOMC interest-rate decision. - April 30: Apple earnings report, U.S. Q1 GDP data, and March PCE inflation data.
BIT: ETF Funds Continue Inflow, Bitcoin Edges Higher Gradually
Odaily Odaily News: BIT Official's daily chart analysis indicates that spot Bitcoin ETFs have recorded net inflows for nine consecutive trading days, with institutional buying power accumulating steadily and providing support for prices.It notes that Strategy has invested approximately $11 billion this year to increase its Bitcoin holdings. The combination of ETF inflows and corporate buying is helping to strengthen market absorption capacity. The analysis suggests that, in the absence of significant risk event disruptions, the current market structure remains supportive of Bitcoin's gradual upward trend.
QCP: BTC Monthly Gain Exceeds 14%; Geopolitical and Security Incidents Disrupt Market Sentiment
QCP Group’s analysis states that U.S.-Iran negotiations have once again collapsed, while the Middle East ceasefire continues, leaving the overall geopolitical landscape relatively static. A shooting incident occurred at the White House Correspondents’ Dinner, with Trump suspected as the target. Following Asia’s market open, BTC briefly surged past $79,000 and ETH above $2,400—but gains quickly reversed amid concerns triggered by news of Iran’s Foreign Minister traveling to Russia for talks with Putin. Since early April, BTC has rallied over 14% cumulatively, marking four consecutive weeks of positive closes. Spot ETFs recorded nine straight days of net inflows totaling approximately $2.11 billion. Strategy funds added over $3.8 billion worth of BTC in the past month. The current key resistance level for BTC lies near the CME gap around $82,000. BTC perpetual contract funding rates remain persistently negative; a breakout above this level could trigger short-covering. Implied volatility continues declining, and risk-reversal skew has narrowed somewhat, signaling gradually rising market interest in upside exposure. Key events this week: - April 29: Earnings reports from Microsoft, Amazon, Meta, and Google, plus the FOMC interest-rate decision. - April 30: Apple earnings report, U.S. Q1 GDP data, and March PCE inflation data.
U.S. Navy Admiral States That Bitcoin’s PoW Technology Can Increase the Cost of Cyberattacks and Support National Security Strategy
According to Cointelegraph, Admiral Samuel Paparo of the U.S. Navy stated at a hearing before the Senate Armed Services Committee that Bitcoin is a “valuable computer science tool,” and that its proof-of-work technology holds significant applications in cybersecurity—increasing attackers’ costs and enabling the protection of data, information, and command signals, thereby supporting U.S. national security interests. Paparo noted: “Beyond the economic dimension, it has extremely important computer science applications in cybersecurity.” Earlier, in 2023, Jason Lowery of the U.S. Space Force expressed a similar view.
Spark: Tightening Collateral Scope Leads to Business Loss but Ensures Liquidity Safety
According to monetsupply.eth, Spark’s Strategy Lead, in a post on X, Spark has long maintained a relatively high borrowing interest rate cap for its SparkLend ETH market. Although this policy caused many users to migrate to Aave—resulting in substantial loss of business and revenue—the current market liquidity crisis has validated the prudence of this strategy. Presently, Aave is experiencing severe liquidity shortages across multiple chains—including Ethereum Mainnet, Arbitrum, Polygon Plasma, Mantle, and Base—with ETH borrowing utilization reaching 100%. This has prevented depositors from withdrawing funds and hindered normal liquidation of ETH collateral. He warns that if the current liquidity crunch persists, a 15–20% drop in ETH’s price could expose Aave to widespread bad debt—compounded by the potential impact of the rsETH vulnerability incident.
Circle Responds to Drift Theft Incident, Calls for Enhanced Accountability and Rule of Law in Open Financial Systems
Circle Chief Strategy Officer Dante Disparte responded to the major security breach affecting Drift Protocol on April 1, which resulted in over $270 million in stolen funds. He stated that open financial systems must be built upon foundations of legal accountability, shared security, and rules that evolve in real time with emerging threats. Circle freezes USDC funds only when legally required—a measure reflecting its compliance obligations and safeguarding users’ assets and privacy rights. He emphasized that openness and accountability must be balanced, and all participants across the ecosystem—including protocols, wallets, infrastructure providers, exchanges, and stablecoin issuers—must jointly shoulder responsibility for security and accountability. Circle is collaborating with U.S. and international policymakers to advance stablecoin legislation, including the GENIUS Act, to establish a more modern legal framework enabling lawful, rapid intervention against illicit activities while protecting property rights and privacy—ensuring the continued resilience and robust growth of open financial systems.
Coinbase Launches Digital Credit Strategy CUSHY, Introduces Tokenized Share Structure
Coinbase Asset Management (CBAM) has announced the launch of its digital credit strategy, CUSHY, introducing a tokenized shareclass mechanism to bridge the gap between traditional credit markets and on-chain financial systems. The strategy focuses on three key areas: on-chain highly liquid public credit assets, structured private credit for digital-native and traditional borrowers, as well as structural yield sources combining tokenization and protocol incentives. Built on Superstate's FundOS tokenization platform, it enables on-chain representation of fund shares and 24/7 trading capabilities, while supporting operations across multiple networks including Ethereum, Solana, and Base.
21 Capital Releases Corporate Strategy Update: Integrating Mining and Capital Markets While Continuously Accumulating Bitcoin
According to Businesswire, Bitcoin treasury company TwentyOne Capital has updated its corporate strategy, aiming to integrate Bitcoin reserves, mining operations, financial services, and capital markets activities through mergers and acquisitions. Specific initiatives include: - Financial services and distribution, covering licenses, compliance, custody, technology, and institutional and retail client bases; - Bitcoin infrastructure, involving low-cost, high-hashrate Bitcoin mining to continuously expand Bitcoin reserves; - Capital markets strategy, securitizing loan portfolios and mining revenue and supporting non-dilutive leveraged financing of BTC reserves with operating cash flow; - Acquiring value-accretive Bitcoin companies, using ongoing cash flow to continuously accumulate Bitcoin.
BIT: There is a certain divergence in the performance of Strategy and Bitcoin, warranting attention to their relative performance
BIT has released a chart stating that the cumulative acquisition cost of Bitcoin currently held by Strategy (formerly MicroStrategy) is approximately $62 billion. Even though Bitcoin has been in a consolidation phase over the past two quarters, the company has continued to raise funds through capital markets and used the proceeds to increase its BTC holdings.Historically, the correlation between Strategy's stock price and Bitcoin's price has been relatively tight. During bull markets, Strategy's stock price is more sensitive to changes in Bitcoin's price, showing greater upward elasticity and often delivering more prominent relative performance. However, when market momentum weakens, the stock price can sometimes weaken earlier than Bitcoin.Currently, there is a certain divergence in the performance of Strategy and Bitcoin. If historical patterns still apply, such divergence is worth continuous attention. Should the two converge again in the future, it could imply an improvement in Strategy's relative performance compared to Bitcoin, but this change remains dependent on the overall market environment.
Bernstein: Cryptocurrency Market Shows Structural Strength; Bitcoin Poised to Enter a Longer-Term Bull Market
According to The Block, Bernstein analysts stated in their latest report that the fundamentals of the crypto market are continuously improving. Bitcoin’s recent low of $60,000 has formed a clear bottom, and with the current price approaching $80,000, a longer-term structural bull market is likely, driven by institutional demand. Bernstein analyst Gautam Chhugani highlighted the following key drivers: • Ongoing expansion of institutional channels: Morgan Stanley’s Bitcoin ETF and Charles Schwab’s spot Bitcoin/Ethereum trading platform have both recently launched; approximately 60% of Bitcoin supply has remained unmoved for over one year, indicating a stabilizing holder structure; • Persistent accumulation by Strategy: Its STRC perpetual preferred stock product has attracted yield-oriented investors, and its current holdings stand at 818,334 BTC; • Stablecoin demand hits an all-time high: Stablecoin supply has surpassed $30 billion, decoupling from the crypto market’s price cycle and reflecting sustained real-world payment and settlement demand; • Tokenized real-world assets accelerating growth: Tokenized private credit and Treasury assets now total $34.5 billion, representing a 110% year-on-year increase. Bernstein also cautioned that quantum computing poses a long-term potential risk, though it expects the blockchain ecosystem to have ample time to complete the transition to post-quantum security.
The European Blockchain Association, together with former European Central Bank officials, released a report calling for reforms to MiCA to enhance the competitiveness of euro-pegged stablecoins.
According to Blockchain for Europe, the European Blockchain Association, together with Dr. Ulrich Bindseil, former Director General of Market Infrastructure and Payments at the European Central Bank, and Erwin Voloder, the Association’s Director of Research and Strategy, jointly released the report “Reforming MiCA to Support Euro Stablecoins” on April 27. The report acknowledges MiCA’s significance as a landmark regulatory framework, while also pointing out that certain design choices may place Europe in an unfavorable zone of the regulatory “Laffer curve”—overly stringent requirements could undermine the competitiveness of EU markets and drive related business activities outside the EU. To address this, the report puts forward a series of targeted, pragmatic reform proposals aimed at enabling MiCA to foster a more competitive, resilient, and globally influential euro stablecoin ecosystem. It further calls on policymakers, industry participants, and all stakeholders to actively engage in discussions to collectively advance the continuous refinement of the MiCA framework.
BIT: ETF Funds Continue Inflow, Bitcoin Edges Higher Gradually
Odaily Odaily News: BIT Official's daily chart analysis indicates that spot Bitcoin ETFs have recorded net inflows for nine consecutive trading days, with institutional buying power accumulating steadily and providing support for prices.It notes that Strategy has invested approximately $11 billion this year to increase its Bitcoin holdings. The combination of ETF inflows and corporate buying is helping to strengthen market absorption capacity. The analysis suggests that, in the absence of significant risk event disruptions, the current market structure remains supportive of Bitcoin's gradual upward trend.
Related news
Canadian pension giant AIMCo buys the dip on Strategy, unrealized gain of approximately $69 million
Alberta Investment Management Corporation (AIMCo), a Canadian asset management institution, disclosed that it purchased approximately 1.38 million shares of Strategy (MSTR) in the first quarter, with an investment amount of about $172 million.Based on the current stock price of approximately $175, the market value of this position has risen to about $241 million, resulting in an unrealized gain of roughly $69 million. AIMCo's average cost basis for the position is approximately $125 per share.AIMCo previously held shares of the company from 2019 to 2020 and liquidated its position shortly after the company pivoted to its Bitcoin treasury strategy.
AIMCo Discloses Holding $219 Million in Strategy Shares
Alberta Investment Management Corporation (AIMCo) disclosed in a regulatory filing on April 30 that it holds $219 million worth of shares in Strategy, a decentralized finance (DeFi) asset management protocol. Strategy provides institutional-grade yield optimization and automated risk management services. The investment aligns with trends including real-world asset (RWA) tokenization, automated liquidity allocation, and institutional participation in on-chain finance.
Strategy maintains STRC May dividend rate at 11.5%, MSTR stock sees first monthly gain in nine months
Odaily Strategy (MSTR) announced that the dividend rate for its perpetual preferred stock Stretch (STRC) will remain at 11.5% for May, marking the third consecutive month at this level. According to data, STRC's volume-weighted average price (VWAP) for April was $99.76, close to its $100 par value. Strategy positions STRC as a high-yield savings alternative, aiming to reduce volatility through monthly cash distributions.Additionally, Strategy's common stock (MSTR) closed April at $165, gaining 33% and ending a streak of eight consecutive monthly declines that began in August 2025. Bitcoin also rose 12% in April, marking its best monthly performance since April 2025. Strategy is currently considering adjusting STRC's distribution frequency from monthly to semi-monthly to further smooth price fluctuations. (CoinDesk)
Benchmark refutes "circular financing" allegations: Strategy STRC bitcoin model is not a Ponzi structure
market分歧 has widened regarding Strategy's financing model of continuously accumulating Bitcoin through its preferred stock STRC. Benchmark analyst Mark Palmer stated in his latest report that the interpretation of the STRC model as a "circular financing or Ponzi structure" is a "serious misreading" and emphasized that the mechanism is an "intentionally designed and sustainable capital framework," with the core logic being to convert market demand for yield into long-term Bitcoin exposure.According to an SEC 8-K filing, Strategy raised approximately $3.5 billion in the first three weeks of April, with over 85% coming from STRC issuance. Subsequently, it made three consecutive purchases within the following three weeks, acquiring a total of 51,364 Bitcoins worth approximately $3.9 billion. Strategy's total Bitcoin holdings have now increased to 818,334 BTC, with a market value of around $62.5 billion, and it has recently returned to an unrealized profit of about $700 million.Benchmark believes that this structure does not rely on continuous issuance to sustain itself and could even sell a portion of its Bitcoin to pay preferred stock dividends if necessary. However, significant market skepticism remains, with some arguing that selling financed assets to pay dividends could be perceived as a risk signal, potentially triggering broader market pressure. (The Block)
Coinbase Launches Digital Credit Strategy CUSHY, Introduces Tokenized Share Structure
Coinbase Asset Management (CBAM) has announced the launch of its digital credit strategy, CUSHY, introducing a tokenized shareclass mechanism to bridge the gap between traditional credit markets and on-chain financial systems. The strategy focuses on three key areas: on-chain highly liquid public credit assets, structured private credit for digital-native and traditional borrowers, as well as structural yield sources combining tokenization and protocol incentives. Built on Superstate's FundOS tokenization platform, it enables on-chain representation of fund shares and 24/7 trading capabilities, while supporting operations across multiple networks including Ethereum, Solana, and Base.
Saturn spends $17 million to increase STRC position, total holdings rise to approximately $50 million
Saturn, a developer of on-chain yield stablecoins, announced it has purchased approximately $17 million worth of shares related to STRC, Strategy's perpetual preferred stock, over the past three days. Its total holdings have now increased to about $50 million. Analysts believe that Saturn's continued accumulation reflects long-term confidence in STRC's asset structure and yield mechanism, further strengthening its asset allocation within the on-chain yield stablecoin strategy.