Analysis: STRC's rebound is faster than its historical average, which may unlock more bitcoin purchasing funds for Strategy

PANews reported on March 27, citing CoinDesk analysis, that the perpetual preferred share STRC issued by Strategy rebounded to its par value of $100 in only nine trading days after going ex-dividend on March 13, slightly faster than the historical average recovery period of ten days. STRC guides its price by adjusting the dividend rate: when the share price is above $100, it reduces the dividend to curb demand; when it is below par, it increases the dividend to attract buyers. Keeping the price anchored at par enables the company to raise capital by issuing new shares at market price under its at-the-market offering plan to purchase Bitcoin.

STRC offers an annualized dividend of 11.5%, paid monthly. By comparison, another Bitcoin vault company Strive issues SATA, which offers a 12.75% dividend rate with a current price of $99.25, also close to par. Last week, Strategy purchased 1,031 Bitcoins at $74,326 each for a total cost of $76.6 million, and currently holds a total of 762,099 Bitcoins.