Key Highlights
- Alberta Investment Management Corporation (AIMCo), overseeing $142B in assets for the Canadian government, acquired 1.38M Strategy shares valued at approximately $219M
- AIMCo’s purchase represents its inaugural position in a Bitcoin-focused treasury corporation
- Strategy’s BTC acquisitions plummeted 91% week-over-week, declining from 34,164 BTC to just 3,273 BTC following a change in capital raising strategy
- MSTR finished April with a 33% gain, marking its first profitable month following eight consecutive months of decline totaling a 75% drop
- Strategy’s Bitcoin reserves currently total 818,334 BTC, marginally surpassing BlackRock’s holdings of 810,077 BTC
Strategy (MSTR) secured a significant institutional investor this week when AIMCo, controlling approximately $142 billion in managed assets, acquired 1.38 million MSTR shares valued at roughly $219 million. The investment represents the Canadian pension fund’s inaugural entry into the Bitcoin treasury company sector.
In Thursday’s premarket trading session, MSTR advanced 1.03% to reach $159.82 on the heels of this announcement. This uptick followed a 4.54% decline in the previous session, where shares settled at $158.19 on Wednesday.
AIMCo represents just one player in a growing trend of institutional accumulation. Capital Group expanded its position by 4.32 million MSTR shares last week via its American Funds Fundamental Investors fund, elevating its aggregate holdings to 10.33 million shares with a market value approaching $1.63 billion.
Vanguard similarly increased its exposure during April, acquiring more than 1.2 million shares valued at $195 million at purchase time. The investment giant now maintains just over 2 million shares through its VOE ETF, presently worth approximately $323 million.
Dramatic Slowdown in Bitcoin Acquisitions
Strategy’s most recent Bitcoin acquisition showed a significant reduction compared to the prior week. The corporation purchased 3,273 BTC for $255 million, contrasting sharply with the previous week’s 34,164 BTC acquisition worth $2.54 billion — representing a 91% volume decrease.
The deceleration stemmed from financing methodology. Strategy utilized common stock offerings this period instead of its preferred STRC shares, which constrained available capital for deployment.
Despite the reduced acquisition tempo, market sentiment regarding Strategy’s long-term holding strategy remains robust. Polymarket odds currently indicate only a 10% chance that the company will liquidate any Bitcoin holdings prior to 2026’s conclusion.
Strategy’s cumulative Bitcoin position currently sits at 818,334 BTC, obtained at an aggregate cost exceeding $61.8 billion. This total maintains a narrow lead over BlackRock’s position of 810,077 BTC.
MSTR Reversal and STRC Dividend Stability
April marked a significant reversal for MSTR. Shares concluded the month at $165, representing a 33% monthly gain — the first positive performance following eight consecutive months of losses. Between August 2025 and March 2026, the equity had plummeted 75%.
Bitcoin similarly demonstrated strength throughout April, climbing 12% to deliver its strongest monthly showing since April 2025.
Regarding preferred shares, Strategy maintained its STRC dividend rate at 11.5% for May, holding steady for the third consecutive month. STRC’s volume weighted average price for April registered at $99.76, sufficiently close to its $100 par value to justify rate continuation.
STRC currently trades at $99.75 and has remained below par value since April 15.
Strategy management is exploring the possibility of transitioning to semi-monthly dividend distributions for STRC to help minimize price fluctuations.
The analyst community on TipRanks maintains a Strong Buy consensus rating for MSTR, establishing an average price objective of $283.33.
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