Bitcoin has rallied 15% to around $77,000 in April, partially driven by Michael Saylor's Strategy firm, which has acquired 100,000+ Bitcoin worth $7.7 billion. Strategy's holdings now exceed BlackRock's Bitcoin ETF, funded through STRC perpetual preferred shares paying 11.5% dividends. Acquisition momentum has slowed as STRC trading fell below par value.
Strategy
Bitcoin drives back toward $80k—but one billionaire may be fueling much of the rally
Michael Saylor's Strategy firm accumulated 100,000+ Bitcoin via novel perpetual preferred share financing, now exceeding BlackRock's holdings, but deteriorating STRC valuations threaten to cap further rally fuel.
Monday, April 27, 2026 12:00 PM UTC2 MIN READSOURCE: Fortune AIBY sys://pipeline
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