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Latest NewsMarch 12, 2026

Strategy STRC Buys ~7,000 Bitcoin, CEO Warns No Free Lunch

Strategy's STRC preferred stock bought ~7,000 bitcoin this week, hitting 34,000 BTC total. Two Prime CEO Alexander Blume warns the 11.5% yield isn't free.

Strategy STRC Buys ~7,000 Bitcoin, CEO Warns No Free Lunch

What to Know

  • ~7,000 bitcoin were purchased this week via Strategy's STRC perpetual preferred stock, per market estimates
  • STRC currently yields 11.5% with monthly cash distributions and a $100 par value target — but has traded below par on multiple occasions
  • Asset manager Strive disclosed a $50 million allocation to STRC, while digital credit firm Apyx holds 255,000 shares total