Strategy on course to hit 1 million BTC this year — and STRC is the clearest reason why

Michael Saylor’s Strategy bought 22,337 Bitcoin for about $1.57 billion last week, using a funding mix led by its variable-rate perpetual preferred stock, STRC. The March 16 announcement showed the company paid an average of $70,194 per Bitcoin in the purchase. The buy lifted Strategy’s holdings to 761,068 Bitcoin, valued at about $56.5 billion at prevailing prices, and ranked among the five largest single-week acqui…