Key Highlights
- AIMCo, a $142B Canadian government-backed investment manager, acquired 1.38M Strategy shares valued at approximately $219M
- The acquisition represents AIMCo’s inaugural position in a corporate Bitcoin treasury holder
- Strategy’s BTC acquisitions plummeted 91% week-over-week, declining from 34,164 BTC to 3,273 BTC due to changes in capital sourcing
- MSTR finished April with a 33% gain, breaking an eight-month losing streak that saw shares decline 75%
- Strategy’s Bitcoin treasury of 818,334 BTC narrowly exceeds BlackRock’s position of 810,077 BTC
Strategy (MSTR) secured significant institutional backing recently when Alberta Investment Management Corporation (AIMCo) acquired 1.38 million shares valued at roughly $219 million. The transaction represents AIMCo’s maiden investment into a Bitcoin corporate treasury strategy, expanding the pension manager’s $142 billion portfolio into digital asset exposure.
In premarket trading Thursday, MSTR shares advanced 1.03% to reach $159.82 after the disclosure. This followed a 4.54% decline during Wednesday’s regular session, where shares settled at $158.19.
AIMCo’s entry follows a pattern of increasing institutional accumulation. Capital Group expanded its holdings by 4.32 million MSTR shares recently through American Funds Fundamental Investors, elevating its total position to 10.33 million shares valued at approximately $1.63 billion.
Vanguard has similarly increased its exposure throughout April, quietly accumulating over 1.2 million shares worth $195 million during that period. The asset manager now controls just above 2 million shares through its VOE ETF, presently valued around $323 million.
Dramatic Slowdown in Bitcoin Accumulation
Strategy’s most recent Bitcoin acquisition showed a substantial decrease from prior activity. The firm purchased 3,273 BTC for $255 million, representing a stark 91% reduction from the preceding week’s acquisition of 34,164 BTC valued at $2.54 billion.
The deceleration stems from tactical funding decisions. Strategy utilized common stock offerings this period instead of its preferred STRC instrument, constraining available deployment capital.
Market sentiment regarding Strategy’s long-term holding approach remains robust despite reduced purchasing velocity. Polymarket traders currently assign only a 10% likelihood that the company will liquidate any Bitcoin holdings prior to 2026’s conclusion.
Strategy’s aggregate Bitcoin position currently totals 818,334 BTC, accumulated through expenditures exceeding $61.8 billion. This positioning maintains a marginal lead over BlackRock’s holdings of 810,077 BTC.
Stock Performance Reversal and STRC Distributions
April marked a significant inflection point for MSTR shareholders. Shares concluded the month at $165, registering a 33% monthly advance — the first positive monthly result following eight consecutive months of declines. Between August 2025 and March 2026, the stock had experienced a cumulative 75% drawdown.
Bitcoin itself delivered strong April performance, appreciating 12% to record its strongest monthly showing since April 2025.
Regarding its preferred security, Strategy maintained the STRC dividend at 11.5% for May, sustaining that rate for the third straight month. STRC’s volume-weighted average price for April registered at $99.76, sufficiently close to its $100 par value to justify maintaining the current distribution rate.
STRC currently trades at $99.75, remaining below par value since April 15.
Strategy management is evaluating a transition to semi-monthly STRC dividend distributions as a mechanism to reduce price fluctuations.
Wall Street analysts tracked by TipRanks maintain a Strong Buy consensus rating on MSTR, with a mean price target of $283.33.
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