MicroStrategy’s STRC Preferred Stock Buys 10X More Bitcoin Than All ETFs in 2026
-
MicroStrategy’s STRC perpetual preferred stock has funded the purchase of 10 times more bitcoin
BTCUSD
than all US spot ETFs combined so far in 2026.The figures, sourced from bitcointreasuries.net, show STRC-linked acquisitions totaling roughly 77,000 BTC year-to-date. Spot Bitcoin
BTCUSD
ETF net purchases sit at approximately 8,000 BTC over the same period.How STRC Fuels Strategy’s Bitcoin Accumulation
Data highlighted by Bitcoin financial services firm River indicated the difference, noting that STRC has bought 10X more Bitcoin than all ETFs so far in 2026.
STRC is Strategy’s Variable Rate Series A Perpetual Preferred Stock, trading near its $100 par value on Nasdaq. The instrument pays a variable annual dividend currently set at 11.5%, distributed monthly in cash.The mechanic is straightforward. When STRC trades at or above par, Strategy issues new shares and channels the proceeds directly into bitcoin purchases.
This avoids diluting MSTR common stock while converting credit market demand into BTC on the balance sheet.
MicroStrategy purchased 34,164 BTC for $2.54 billion during the week ending April 19, bringing total holdings to 815,061 bitcoin.
That figure now surpasses BlackRock’s iShares Bitcoin Trust
I
IBIT
, which holds approximately 806,178 BTC.
ETF Flows Still Positive but Comparatively ModestMeanwhile, US spot Bitcoin ETFs recorded $238 million in net inflows on April 20, according to data on Farside Investors. That marked the fifth consecutive day of positive flows.
However, the cumulative net new bitcoin entering ETFs this year remains a fraction of what a single corporate instrument has absorbed.The gap highlights how yield-focused preferred equity has created a distinct accumulation channel that currently outpaces passive fund demand.
If MicroStrategy continues issuing STRC at its current pace, projections from bitcointreasuries.net suggest the firm could cross 1 million BTC by late 2026.
source: https://www.tradingview.com/news/beincrypto:226f6e6c7094b:0-microstrategy-s-strc-preferred-stock-buys-10x-more-bitcoin-than-all-etfs-in-2026/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Registreeri Logi sisse