According to Benchmark analyst Mark Palmer in a Wednesday report, Strategy raised approximately $3.5 billion in early April through STRC preferred stock issuance, with over 85% of proceeds deployed to purchase 51,364 bitcoin. Palmer pushed back against critics framing the variable-rate perpetual preferred stock as a “circular” Ponzi scheme, arguing Strategy “converts demand for yield into long-term bitcoin exposure” through a “deliberate and durable” model. The company now holds 818,334 BTC worth roughly $62.5 billion and has returned to an unrealized profit of approximately $700 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pentagon Eyes Bitcoin Infrastructure as Strategic Asset, Hegseth Says
U.S. Secretary of War Pete Hegseth said this week that Bitcoin is part of classified Defense Department efforts to project power and counter China.
Key Takeaways:
Pete Hegseth told Congress on April 30, 2026, that Bitcoin efforts are classified inside the Pentagon.
Samuel J. Paparo Jr.
Coinpedia1h ago
Bitcoin Magazine is moving into television media and is set to launch BM TV, starting daily live broadcasts to discuss market updates.
Bitcoin Magazine announced that it will launch a daily live stream, BM TV, in the summer. Produced at its Nashville headquarters, the broadcast runs Monday through Friday from 9:30–11:30 a.m. Eastern Time. The program will be simulcast across X, YouTube, Facebook, Rumble, LinkedIn, and the official website. The show focuses on Bitcoin, global markets, macroeconomics, geopolitics, energy, and AI, delivering real-time market data and expert remote interviews. Each year it produces more than 200 episodes, along with derived short films and editorials, showcasing its transition from a publishing organization into a large media service provider.
ChainNewsAbmedia1h ago
Blackrock Pulls $54M From IBIT as Bitcoin ETF Slide Pushes Assets Below $100B
A third consecutive day of outflows in bitcoin and ether ETFs underscores a shift toward caution, as investors continue to trim exposure after last week’s strong inflow streak. Smaller assets like XRP are still attracting selective capital, while solana products remain dormant.
Key Takeaways:
Coinpedia2h ago
Bitcoin April Rally Built on Futures, Not Spot Demand: CryptoQuant
Bitcoin climbed 20% in April, surging from roughly $66,000 to a monthly peak of $79,000, but according to analysis from crypto data firm CryptoQuant released Thursday, the rally may have been built on speculative positioning rather than genuine buyer demand. The firm found that the entire price
CryptoFrontier3h ago
Delphi Digital Analysis: Bitcoin, Ethereum, and Solana Five-Year Returns Show -13% Worst Case for BTC, 13x Average for ETH
According to Delphi Digital's latest analysis, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have yielded positive long-term returns across most five-year holding periods since May 2016, despite significant declines exceeding 50% since October 2025.
The analysis examined all possible five-year ho
GateNews7h ago
