What happened: A $1.18 billion preferred stock raise, roughly equivalent to 16,800 BTC, signals a shift away from common stock as dividend obligations top $1 billion.
Cross-source context: Cointelegraph highlights strategy often pauses BTC buys when STRC falls below $100, a setup that has previously coincided with 25%–40% Bitcoin declines. Cointelegraph highlights sTRC’s average daily volume implies buying power for about 1,940 BTC per day, more than four times the amount of new Bitcoin mined.
What to watch next: movement around strategy, purchase.