Key Highlights
- Alberta Investment Management Corporation (AIMCo), overseeing $142B in assets, acquired 1.38M Strategy shares valued at approximately $219M
- AIMCo marks its initial entry into Bitcoin treasury corporate investment
- Strategy’s Bitcoin acquisition pace declined 91% week-over-week, dropping from 34,164 BTC to 3,273 BTC due to altered capital raising methods
- MSTR finished April with a 33% gain, breaking an eight-month losing streak that saw the stock decline 75%
- Strategy’s Bitcoin reserves total 818,334 BTC, marginally exceeding BlackRock’s position of 810,077 BTC
Strategy (MSTR) secured a significant institutional investor this week as AIMCo, managing approximately $142 billion in assets, acquired 1.38 million shares valued at roughly $219 million. The investment represents the Canadian pension fund’s inaugural position in a corporate Bitcoin treasury holder.
In Thursday’s premarket trading, MSTR climbed 1.03% to reach $159.82 following the announcement. This came after the stock experienced a 4.54% decline in the previous session, settling at $158.19 on Wednesday.
AIMCo joins other major institutions establishing positions in the stock. Capital Group recently expanded its holdings by 4.32 million MSTR shares through its American Funds Fundamental Investors fund, elevating its total ownership to 10.33 million shares valued at approximately $1.63 billion.
Vanguard similarly increased its stake during April, acquiring more than 1.2 million shares worth $195 million at the time of purchase. The asset manager now controls just over 2 million shares through its VOE ETF, presently valued at roughly $323 million.
Cryptocurrency Acquisitions Decline Significantly
Strategy’s most recent Bitcoin acquisition showed a substantial decrease compared to the preceding week. The firm purchased 3,273 BTC for $255 million, versus 34,164 BTC costing $2.54 billion the week prior — representing a 91% volume reduction.
The deceleration stemmed from capital structure decisions. Strategy utilized common stock offerings this period instead of its preferred STRC shares, constraining available deployment capital.
Despite the reduced acquisition tempo, market confidence in Strategy’s holding approach remains robust. Polymarket odds currently indicate only a 10% likelihood of the company liquidating any Bitcoin holdings before 2026 ends.
Strategy’s aggregate Bitcoin position now reaches 818,334 BTC, obtained at a cumulative cost exceeding $61.8 billion. This maintains a slight edge over BlackRock’s holdings of 810,077 BTC.
Stock Rebound and Preferred Share Dividend
April marked a significant reversal for MSTR. The equity concluded the month at $165, representing a 33% increase — the first monthly advance following eight consecutive months of declines. Between August 2025 and March 2026, the stock had depreciated 75%.
Bitcoin similarly delivered strong April results, advancing 12% for its strongest monthly showing since April 2025.
Regarding preferred shares, Strategy maintained the STRC dividend at 11.5% for May, marking the third straight month at this level. STRC’s volume weighted average price for April registered at $99.76, sufficiently close to its $100 par value to justify the unchanged rate.
STRC currently trades at $99.75 and has remained below par value since April 15.
Strategy management is evaluating a transition to semi-monthly dividend distributions for STRC aimed at minimizing price fluctuations.
TipRanks analysts assign MSTR a Strong Buy consensus rating, establishing an average price target of $283.33.
