The largest corporate holder of Bitcoin, Strategy, has replenished its reserves by acquiring 7,000 BTC worth about $500 million last week.

The deal was financed by the placement of indefinite Stretch preferred shares (STRC). For example, in the past two weeks alone, the company has accumulated more than 11,000 Bitcoin and since STRC was launched total coin purchases have reached approximately 34,000 - not counting purchases made with other instruments, including ordinary MSTR shares.

Privileged STRC securities, yielding 11.5% with monthly dividend payments, attracted institutional investors. The investment firm Strive placed $50 million in them, and the credit institution Apyx increased its holdings by 200,000 shares, bringing the total number of these securities in its portfolio to 255,000. The built-in dividend rate adjustment mechanism keeps the stock price within a range of $100, smoothing fluctuations. It is the proceeds from the sale of Stretch this year that are planned to be used for the purchase of Bitcoin.