MicroStrategy’s STRC Preferred Stock Buys 10X More Bitcoin Than All ETFs in 2026

MicroStrategy's STRC perpetual preferred banal has funded the acquisition of 10 times much bitcoin (BTC) than each US spot ETFs combined truthful acold successful 2026.

The figures, sourced from bitcointreasuries.net, amusement STRC-linked acquisitions totaling astir 77,000 BTC year-to-date. Spot Bitcoin (BTC) ETF nett purchases beryllium astatine astir 8,000 BTC implicit the aforesaid period.

Data highlighted by Bitcoin fiscal services steadfast River indicated the difference, noting that STRC has bought 10X much Bitcoin than each ETFs truthful acold successful 2026.

STRC is Strategy's Variable Rate Series A Perpetual Preferred Stock, trading adjacent its $100 par worth connected Nasdaq. The instrumentality pays a adaptable yearly dividend presently acceptable astatine 11.5%, distributed monthly successful cash.

The mechanic is straightforward. When STRC trades astatine oregon supra par, Strategy issues caller shares and channels the proceeds straight into bitcoin purchases.

This avoids diluting MSTR communal banal portion converting recognition marketplace request into BTC connected the equilibrium sheet.

MicroStrategy purchased 34,164 BTC for $2.54 cardinal during the week ending April 19, bringing full holdings to 815,061 bitcoin.

That fig present surpasses BlackRock's iShares Bitcoin Trust (IBIT), which holds astir 806,178 BTC.

ETF Flows Still Positive but Comparatively Modest

Meanwhile, US spot Bitcoin ETFs recorded $238 cardinal successful nett inflows connected April 20, according to information connected Farside Investors. That marked the 5th consecutive time of affirmative flows.

However, the cumulative nett caller bitcoin entering ETFs this twelvemonth remains a fraction of what a azygous firm instrumentality has absorbed.

The spread highlights however yield-focused preferred equity has created a chiseled accumulation transmission that presently outpaces passive money demand.

If MicroStrategy continues issuing STRC astatine its existent pace, projections from bitcointreasuries.net suggest the steadfast could transverse 1 cardinal BTC by precocious 2026.

Read the Original communicative MicroStrategy’s STRC Preferred Stock Buys 10X More Bitcoin Than All ETFs successful 2026 by Lockridge Okoth astatine beincrypto.com