Strategy Raises $3.5B via STRC to Purchase 51,364 Bitcoin in April, Benchmark Defends Model

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According to Benchmark analyst Mark Palmer in a Wednesday report, Strategy raised approximately $3.5 billion through its STRC preferred stock in the first three weeks of April, with over 85% of the total coming from STRC issuance. The proceeds were deployed in three consecutive weekly purchases totaling 51,364 bitcoin, worth more than $3.9 billion at current prices. Palmer defended STRC as part of a "deliberate and durable" model that "converts demand for yield into long-term bitcoin exposure," pushing back against critiques framing it as a circular Ponzi scheme. Strategy now holds 818,334 bitcoin worth approximately $62.5 billion.
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