- Technique eyes $500M elevate from inventory gross sales for BTC acquisition.
- The agency’s replace elicited blended views from the crypto group.
On the 18th of March, Michael Saylor, founding father of Technique (previously MicroStrategy), introduced a plan to promote $500M value of recent ‘perpetual most well-liked inventory’ (STRF) for Bitcoin [BTC] buys.
Not too long ago, the agency had issued one other most well-liked inventory ‘STRK’ for related BTC goals.
This was a part of the agency’s goal to boost $21B by inventory issuance and one other $21B by debt (convertible notes) for BTC buys.
Blended views on Technique’s plans
Clarifying the distinction between Technique’s new class of inventory issuance, Bitwise’s Head of Alpha, Jeff Park, said,
“You should purchase STRK in the present day for a 9.4% yield with upside convertibility or STRF for a ten% yield with just about no redemption function.”
Merely put, STRK may very well be swapped for MSTR, however STRF doesn’t have such a function and carries extra danger.
Nonetheless, some crypto group members considered Technique’s ‘excessive leverage’ as a danger issue for your complete BTC market. One pseudonymous market analyst, Wazz Crypto, stated,
“This id*ot is making Bitcoin uninvestable at this level. Can it even be digital gold anymore if it’s tied to the solvency of a single firm?”
One other consumer, Simon Dixon, termed it a ‘next-level danger’ that might require a bailout if it goes below.
“Technique’s announcement of a perpetual 10% dividend paid in {dollars}—regardless of missing adequate greenback income & working with a Bitcoin-based steadiness sheet—is next-level danger.”
Nonetheless, Bitmex Analysis clarified that the agency might keep away from paying MSTR and STRF holders dividends.
“Appears $MSTR can keep away from paying these 10% to 18% dividends “for any motive.” The seemingly end result right here is class A $MSTR shareholders by no means ever get a dividend cost.”
Supply: X
For his half, long-term BTC critic Peter Schiff termed the brand new inventory issuance ‘ridiculous’ and added,
“The one factor maintaining it (BTC) from deflating fully is the Trump administration’s help. As soon as that goes, it’s throughout for Bitcoin and $MSTR.”
In comparison with final quarter, the agency’s BTC shopping for tempo has slowed in 2025. On sixteenth March, it purchased 130 BTC, growing its stash to 499,226 cash – A 2.3% management of complete BTC provide.
Supply: CryptoQuant
As of this writing, MSTR was valued at $282, down 48% from its latest highs of $543, following latest BTC losses. Prior to now two weeks, it fluctuated between $230 and $300 as BTC remained beneath $90K over the identical interval.
On a year-to-date (YTD) efficiency, MSTR held the risk-off sentiment higher and was down solely 5% in comparison with BTC’s 11% decline.
Supply: MSTR vs BTC, TradingView
Final week, MSTR posted a 26% achieve as BTC retested $85K, suggesting the inventory might submit a powerful restoration if the cryptocurrency reversed its losses.
