{"id":27681,"date":"2025-05-20T13:18:14","date_gmt":"2025-05-20T13:18:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27681"},"modified":"2025-05-20T13:18:14","modified_gmt":"2025-05-20T13:18:14","slug":"strategys-strk-hits-record-proceeds-has-outperformed-bitcoin-sp-500-since-debut","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27681","title":{"rendered":"Strategy’s STRK Hits Record Proceeds, Has Outperformed Bitcoin, S&P 500 Since Debut"},"content":{"rendered":"
\n

Disclaimer: The analyst who wrote this report owns shares of Strategy (MSTR).<\/em><\/p>\n

Strategy\u2019s (MSTR) perpetual preferred stock, STRK, achieved the largest proceeds from its weekly at-the-market (ATM) issuance since the program started in February, according to X account DogCandles<\/a>, raising $59.7 million<\/a> that was used to buy more bitcoin BTC, according to a Monday SEC filing. <\/p>\n

That amount corresponds to the issuance of approximately 621,555 STRK shares. Strategy has about $20.79 billion still available in the STRK ATM facility.<\/p>\n

The company led by Executive Chairman Michael Saylor is plowing ahead with its bitcoin-buying strategy even as the price of the largest cryptocurrency holds above $100,000, with an eye on its January record of $109,000. Strategy’s Monday BTC purchase<\/a> took its total holdings to 576,230 BTC.<\/p>\n

This represents a 16.3% BTC yield<\/a>, a key performance indicator (KPI) that reflects the year-to-date percentage increase in the ratio of MSTR\u2019s bitcoin holdings to its assumed diluted shares outstanding, effectively measuring the growth in BTC exposure on a per-share basis.<\/p>\n

The recent STRK issuance represents just under 9% of the total proceeds generated from the ATM program for the common stock, which has raised $705.7 million to date. This highlights the increasing role STRK is playing in Strategy\u2019s bitcoin acquisition model.<\/p>\n

\"STRK<\/p>\n

STRK features a fixed 8% annual dividend, which is based on the $100 per share liquidation preference, resulting in an annual payout of $8.00 per share. <\/p>\n

That gives it an effective yield, annual dividend divided by STRK share price, of 8.1%. Importantly, this yield is inversely related to the share price. As STRK trades higher, the yield decreases, and vice versa.<\/p>\n

Since its launch on Feb. 10, STRK has risen by 16%, outperforming both bitcoin, which has added 10%, and the S&P 500, which has declined by 2% over the same period. <\/p>\n

According to data from the Strategy dashboard, STRK exhibits the lowest correlation with MSTR common stock, sitting at just 44%. In contrast, STRK maintains relatively higher correlations with broader market benchmarks: 71% with bitcoin and 72% with the SPY exchange-traded fund.<\/p>\n

This suggests that STRK trades with a unique profile, potentially appealing to investors seeking differentiated exposure due to its hybrid nature as a preferred equity instrument with bitcoin-tied capital deployment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Disclaimer: The analyst who wrote this report owns shares of Strategy (MSTR). Strategy\u2019s (MSTR) perpetual preferred stock, STRK, achieved the largest proceeds from its weekly at-the-market (ATM) issuance since the program started in February, according to X account DogCandles, raising $59.7 million that was used to buy more bitcoin BTC, according to a Monday SEC […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27681","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27681"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27681\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}