{"id":8723,"date":"2026-04-29T06:27:54","date_gmt":"2026-04-29T06:27:54","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8723"},"modified":"2026-04-29T06:27:54","modified_gmt":"2026-04-29T06:27:54","slug":"strategys-high-yield-stock-will-continue-to-fuel-bitcoin-surge-says-bitwise-cio","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8723","title":{"rendered":"Strategy\u2019s High-Yield Stock Will Continue to Fuel Bitcoin Surge, Says Bitwise CIO"},"content":{"rendered":"

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  • Bitwise CIO Matt Hougan said Bitcoin\u2019s 20% rebound from February lows was driven largely by Strategy, ETF issuers and long-term holders.<\/span><\/li>\n
  • Hougan said Strategy added US$7.2 billion (AU$10.37 billion) of Bitcoin over eight weeks, supported by STRC issuance.<\/span><\/li>\n
  • Strategy\u2019s April 27 filing showed 818,334 BTC holdings after a 3,273 BTC purchase funded by common-stock ATM proceeds.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitwise CIO Matt Hougan said Strategy\u2019s high-yield STRC preferred stock could keep fuelling Bitcoin\u2019s rally after the company added US$7.2 billion (AU$10.37 billion) of BTC in eight weeks, though its latest buy used common-stock proceeds.<\/p>\n

    Hougan wrote that Bitcoin (BTC) had risen roughly 20% from its February lows and was trading around US$76,000 (AU$109,440), adding that spot Bitcoin ETFs bought US$3.8 billion (AU$5.47 billion) since March 1 and long-term holders resumed accumulation.<\/p>\n

    But Strategy had been the single biggest buyer. STRC is Strategy\u2019s Variable Rate Series A Perpetual Stretch Preferred Stock, a yield-paying instrument designed to trade near US$100 (AU$144) per share. Hougan said the dividend began at 9% after launch and had risen to 11.5% as Strategy adjusted the rate to keep demand near par.<\/p>\n

    Read more: BitMine Doubles Down on Ether Despite $6.5B Paper Loss\u00a0<\/strong><\/p>\n

    Preferred Stock Flywheel<\/h2>\n

    Strategy priced its initial STRC offering in July 2025 at US$90 (AU$129.60) per share, estimating net proceeds of US$2.474 billion (AU$3.56 billion). The company said at the time it intended to use proceeds for general corporate purposes, including Bitcoin acquisition and working capital.<\/p>\n

    Strategy\u2019s February results showed STRC had reached US$3.4 billion (AU$4.90 billion) in aggregate stated amount as of Feb. 1, with a then-current dividend rate of 11.25%. Chief executive Phong Le said the variable dividend mechanism had helped keep STRC near its US$100 (AU$144) stated amount despite a weaker Bitcoin price environment.<\/p>\n

    Hougan argued that the structure remains attractive while junk bonds yield less than 7% and investors pull back from private credit. He estimated Strategy could raise another US$10 billion to US$15 billion (AU$14.4 billion to AU$21.6 billion) through STRC at current Bitcoin prices before obligations drew heavier scrutiny.<\/p>\n

    Strategy\u2019s most recent disclosure confirmed continued buying, but not through STRC that week. Its April 27 8-K showed the company acquired 3,273 BTC for US$255 million (AU$367.2 million) during April 20-26 at an average US$77,906 (AU$112,184.64) per Bitcoin, using proceeds from common-stock ATM sales.<\/p>\n

    Related: Brazil Cracks Down on Prediction Markets, Bans 27 Platforms Including Kalshi and Polymarket<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Microstrategy#Strategys #HighYield #Stock #Continue #Fuel #Bitcoin #Surge #Bitwise #CIO1777444074<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitwise CIO Matt Hougan said Bitcoin\u2019s 20% rebound from February lows was driven largely by Strategy, ETF issuers and long-term holders. Hougan said Strategy added US$7.2 billion (AU$10.37 billion) of Bitcoin over eight weeks, supported by STRC issuance. Strategy\u2019s April 27 filing showed 818,334 BTC holdings after a 3,273 BTC purchase funded by common-stock ATM<\/p>\n","protected":false},"author":1,"featured_media":8724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,188,4268,3499,754,4267,1304,921,456],"class_list":{"0":"post-8723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-bitwise","10":"tag-cio","11":"tag-continue","12":"tag-fuel","13":"tag-highyield","14":"tag-stock","15":"tag-strategys","16":"tag-surge"},"yoast_head":"\nStrategy\u2019s High-Yield Stock Will Continue to Fuel Bitcoin Surge, Says Bitwise CIO - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8723\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy\u2019s High-Yield Stock Will Continue to Fuel Bitcoin Surge, Says Bitwise CIO\" \/>\n<meta property=\"og:description\" content=\"Bitwise CIO Matt Hougan said Bitcoin\u2019s 20% rebound from February lows was driven largely by Strategy, ETF issuers and long-term holders. 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