MicroStrategy Signals Bigger Bitcoin Bet as STRC Dividend Rises to 11.25%

MicroStrategy, the enterprise software company that reinvented itself as a Bitcoin treasury leader, has once again hinted at expanding its already massive exposure to the world’s largest cryptocurrency. On Sunday, Executive Chairman Michael Saylor posted a familiar teaser on X, sharing a graphic captioned “More Orange,” a phrase he has repeatedly used ahead of new Bitcoin purchases. The signal comes at a critical moment, as the firm’s $55 billion Bitcoin stockpile sits only slightly above its average acquisition price.

The company recently celebrated 2,000 days since adopting its so-called “Bitcoin Standard,” underscoring its long-term commitment to BTC as a core treasury asset. However, this potential next buying phase arrives as MicroStrategy faces one of its most challenging market tests in recent months. The firm currently holds 712,647 BTC, acquired at an average price of $76,037 per coin. With Bitcoin trading near $78,000, well below last year’s six-figure highs, MicroStrategy’s unrealized gains have narrowed to under 3%.

To finance additional Bitcoin purchases, the company has turned again to capital markets. It announced a 25 basis point increase in the dividend on its Series A Perpetual Stretch Preferred Stock (STRC), lifting the yield to 11.25% through February 2026. This elevated payout stands well above traditional corporate bond yields, highlighting both investor risk appetite and the volatility inherent in MicroStrategy’s Bitcoin-focused strategy.

STRC is a variable-rate instrument and part of a broader fixed-income lineup that includes products such as Strike, Stride, and Strife. These offerings have become the backbone of the company’s fundraising efforts. Since STRC launched in November, proceeds from sales have reportedly funded the purchase of more than 27,000 BTC, according to market data.

Despite this success, critics argue that the high dividend obligations could pressure cash flow, especially if Bitcoin prices stagnate or fall below the firm’s $76,000 breakeven level. Still, MicroStrategy appears unfazed. With billions of dollars remaining under its at-the-market programs and Saylor continuing to signal confidence, the company’s strategy remains clear: when volatility strikes, buy more Bitcoin.