TechFlow News, April 27: According to Decrypt, Bitcoin treasury company Strategy purchased only 3,273 BTC last week—down approximately 91% from the 34,164 BTC it acquired for $2.54 billion the prior week. Analysts attribute this slowdown in buying pace to cooling market sentiment surrounding Strategy’s perpetual preferred stock, STRC. STRC had previously driven Strategy to execute its largest BTC purchase in nearly 16 months, fueled by an 11.5% monthly dividend yield. However, since going ex-dividend on April 14, STRC’s price has remained persistently below its $100 target range, prompting Strategy to issue 1.4 million common shares for fundraising last week. Michael Saylor has reportedly planned to adjust STRC’s dividend distribution frequency to biweekly, aiming to mitigate cyclical fluctuations in the company’s BTC acquisition pace.
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