Strategy’s (MSTR) Bitcoin holdings surpass 815,000 BTC after latest acquisition.

Strategy (previously known as Microstrategy) acquired 34,164 Bitcoin for approximately $2.54 billion between April 13 and 19, pushing its total treasury past the 800,000 BTC milestone.

An 8-K filing with the US Securities and Exchange Commission on Monday reveals the purchase ranks as the third-largest in the company's history by coin count. 

This latest acquisition follows record-breaking activity earlier in the month, including a $1 billion purchase just last week. 

The firm now holds a total of 815,061 BTC, representing a cumulative investment of $61.56 billion. 

While the company reported $14.46 billion in unrealized losses for the first quarter, the newest batch of coins was secured at an average price of $74,395, coming in lower than the company’s overall average cost basis of $75,527 per coin.

Semi-monthly dividend proposal

CEO Phong Le detailed a plan on Friday to restructure the company’s STRC perpetual preferred security into the world’s first semi-monthly dividend payer. 

The proposal, currently under SEC review, suggests distributing payments on the 15th and at the end of each month rather than on a standard quarterly or monthly cycle. 

The move intends to provide 24 annual distributions at the current 11.5% rate to encourage consistent investor participation.

“If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive,” Le said.

Management expects the increased frequency to stabilize the stock price and prevent the typical drop-off in trading volume that occurs after traditional dividend record dates. 

Market participants responded to the news by driving MSTR stock up 11.8% to $166.52 during Friday's session.

The STRC security remains the primary engine for the company's aggressive accumulation strategy, funding over 85% of the most recent Bitcoin purchase. 

Trading data shows the program reached new heights on April 13 and 14, generating more than $1 billion in volume through the sale of 26.3 million shares. 

This two-day window alone facilitated the acquisition of an estimated 17,204 BTC. 

Shareholders are expected to vote on the new dividend schedule during the annual meeting on June 8, with a potential start date for the cycle in mid-July.

Bitcoin price remains at risk

Strategy’s latest purchases come as the Bitcoin price has once again come under pressure as a result of the escalating tension between the US and Iran.

Latest reports suggest that Iran will not show up for scheduled diplomatic talks in Islamabad today, raising concerns over a total breakdown in regional communications.

In the meantime, the US has heightened hostilities by seizing one of its cargo ships in the Strait of Hormuz, a critical chokepoint for global energy supplies.

As a result of the renewed geopolitical friction, oil prices have once again surged after a brief period of stability.

For risk assets like Bitcoin, this means a potential flight to safety and concerns over sticky inflation triggered by rising energy costs.

At the time of writing, the Bitcoin price was hovering a little over $75,300, down 1% on the day, as per data from various crypto trading apps.