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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 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 continuously issues new STRC shares when the price is above its $100 face value, using the proceeds to purchase BTC. As STRC trading volume increases and the price approaches face value before the ex-dividend date, the company can raise more funds to accumulate Bitcoin, thus creating a period of buying support.
Data shows that Strategy's BTC purchases through STRC have increased from 4,467 in January to 46,872 in April. Currently, the annualized return of STRC is... Bitcoin has accumulated a large number of short limit orders in the $81,550 and $83,000-$85,000 ranges, while a large number of long limit orders have also gathered at $76,328, $75,000, and $70,000. Japanese government bond yields rose across the board, copper prices continued to rise, India doubled its gold and silver import tax to 15%, the A-share ChiNext index broke through 4,000 points, reaching a nearly 11-year high; the Philadelphia Semiconductor Index fell by more than 7% at one point yesterday. 
PANews reported on May 13th, citing CoinDesk, that hardware wallet maker Ledger has suspended its US IPO plans due to unfavorable market conditions. Sources familiar with the matter stated that Ledger had discussed a US IPO with investment banks such as Goldman Sachs, Jefferies, and Barclays this year, with a potential valuation of approximately $4 billion, but has not yet filed an S-1 registration statement with the SEC. The company is evaluating other options, including private financing. The report points out that after several crypto companies went public in 2025, several institutions, including Kraken, have postponed their IPOs due to weakening token prices, declining trading volumes, and stock market volatility. BitGo, the only crypto-native company scheduled to go public in 2026, has seen its share price fall below its IPO price by approximately 36%. 