Key Highlights
- Alberta Investment Management Corporation (AIMCo), managing $142B in assets for the Canadian government, acquired 1.38M shares of Strategy valued at approximately $219M
- AIMCo enters the Bitcoin treasury company space for the first time with this investment
- Weekly Bitcoin purchases by Strategy declined 91%, moving from 34,164 BTC to 3,273 BTC following changes in capital sourcing
- April saw MSTR finish 33% higher, marking the first monthly advance after eight consecutive months of declines totaling 75%
- Strategy maintains 818,334 BTC in reserves, marginally exceeding BlackRock’s 810,077 BTC position
Strategy (MSTR) secured significant institutional backing this week when AIMCo, overseeing approximately $142 billion in assets, acquired 1.38 million shares valued at roughly $219 million. The Canadian pension fund’s entry represents its inaugural investment in the Bitcoin treasury sector.
Premarket trading on Thursday showed MSTR advancing 1.03% to reach $159.82 after the announcement. Wednesday’s session had seen the stock retreat 4.54%, settling at $158.19.
AIMCo joins other major institutions expanding their Strategy positions. Capital Group increased its holdings by 4.32 million MSTR shares last week via its American Funds Fundamental Investors fund, elevating its total position to 10.33 million shares with a market value near $1.63 billion.
Vanguard made quiet additions during April, purchasing more than 1.2 million shares valued at $195 million during that period. The investment firm currently maintains ownership of slightly over 2 million shares through its VOE ETF, presently worth approximately $323 million.
Bitcoin Acquisition Pace Adjusts
Strategy’s most recent Bitcoin acquisition showed a substantial reduction compared to the preceding week. The firm obtained 3,273 BTC for $255 million, while the previous week saw purchases of 34,164 BTC costing $2.54 billion — representing a 91% volume decrease.
Funding methodology drove the adjustment. Strategy relied on common stock sales this round instead of its preferred STRC stock, which constrained available capital for deployment.
Despite the reduced acquisition velocity, market sentiment around Strategy’s holding approach remains robust. Polymarket data indicates merely a 10% probability that the company will liquidate any Bitcoin holdings prior to the conclusion of 2026.
Strategy’s cumulative Bitcoin position reaches 818,334 BTC, purchased at an aggregate cost exceeding $61.8 billion. This volume maintains a slight edge over BlackRock’s holdings of 810,077 BTC.
MSTR Rebounds and STRC Dividend Unchanged
April marked a shift for MSTR. The stock concluded the month at $165, climbing 33% — the first monthly advance following eight consecutive months of losses. Between August 2025 and March 2026, shares had declined 75%.
Bitcoin also delivered strength in April, advancing 12%, matching its strongest monthly showing since April 2025.
Regarding preferred stock, Strategy maintained its STRC dividend at 11.5% for May, continuing the rate for a third straight month. STRC’s volume weighted average price for April registered at $99.76, remaining close to its $100 par value and supporting the steady dividend rate.
STRC currently trades at $99.75, staying below par value since April 15.
Strategy is evaluating a transition to semi-monthly dividend distributions for STRC as a method to minimize price fluctuations.
TipRanks analysts assign MSTR a Strong Buy rating, establishing an average price target of $283.33.
