PANews reported on May 13th that, according to The Block, Vetle Lunde, Head of Research at K33, stated that Strategy's perpetual preferred stock, STRC, may be driving a mid-month surge in Bitcoin's price. Data shows that in March and April of 2026, Bitcoin experienced significant mid-month price increases, and STRC's ex-dividend date, fixed on the 15th of each month, attracts many investors to buy before the ex-dividend date.

K33 points out that Strategy will continue to issue new STRC when its price is above $100, and use the proceeds to purchase BTC. As STRC trading volume increases and the price approaches par value before the ex-dividend date, the company will be able to raise more funds to increase its Bitcoin holdings, thus creating a period of buying support.

Data shows that Strategy's BTC purchases through STRC increased from 4,467 in January to 46,872 in April. Currently, STRC's annualized dividend yield is approximately 11.5%, continuing to attract income-oriented investors. However, K33 also warns that as STRC's dividend liabilities continue to accumulate, its long-term sustainability remains to be seen.