Key Takeaways
- AIMCo, a Canadian government-backed investment manager overseeing $142B in assets, acquired 1.38M shares of Strategy for approximately $219M
- The investment represents AIMCo’s inaugural position in a company with Bitcoin treasury operations
- Strategy’s Bitcoin acquisitions fell 91% week-over-week, declining from 34,164 BTC to 3,273 BTC following a change in capital raising strategy
- After eight consecutive months of declines totaling 75%, MSTR finished April with a 33% gain, marking its first positive month since last summer
- The company’s Bitcoin reserves reached 818,334 BTC, maintaining a narrow lead over BlackRock’s 810,077 BTC holdings
Alberta Investment Management Corporation (AIMCo) emerged as Strategy’s (MSTR) latest significant institutional supporter this week. The pension manager, overseeing approximately $142 billion in total assets, acquired 1.38 million shares valued at roughly $219 million. The transaction represents AIMCo’s inaugural investment in a corporate Bitcoin treasury operator.
During Thursday’s premarket trading, MSTR stock advanced 1.03% to reach $159.82 following the disclosure. This uptick came after a 4.54% decline in the previous session, where shares settled at $158.19 on Wednesday.
AIMCo’s entry follows several other major institutional moves. Capital Group expanded its holdings by 4.32 million MSTR shares through its American Funds Fundamental Investors vehicle last week, elevating its aggregate position to 10.33 million shares valued at approximately $1.63 billion.
Meanwhile, Vanguard discreetly increased its stake throughout April, acquiring more than 1.2 million shares worth $195 million at purchase. The investment firm now controls just over 2 million shares through its VOE ETF, currently valued at roughly $323 million.
Significant Deceleration in Bitcoin Accumulation
Strategy’s most recent Bitcoin acquisition represented a substantial decrease from the preceding week. The corporation added 3,273 BTC for $255 million, contrasted with the prior week’s purchase of 34,164 BTC valued at $2.54 billion — reflecting a 91% reduction in acquisition volume.
The deceleration stemmed from financing methodology. Strategy employed common stock issuances this period instead of its preferred STRC shares, which constrained available capital for deployment.
Despite the reduced acquisition tempo, market sentiment regarding Strategy’s retention approach remains robust. Polymarket data currently assigns only a 10% likelihood that the company will liquidate any Bitcoin holdings prior to 2027.
Strategy’s cumulative Bitcoin position now totals 818,334 BTC, obtained at an aggregate expenditure exceeding $61.8 billion. This maintains the company’s slight advantage over BlackRock, which possesses 810,077 BTC.
April Turnaround and STRC Distribution Update
April marked a pivotal shift for MSTR. Shares concluded the month at $165, representing a 33% appreciation — the stock’s first positive monthly performance following eight consecutive months of losses. Between August 2025 and March 2026, the equity had declined 75%.
Bitcoin similarly demonstrated strength during April, advancing 12% in its strongest monthly showing since April 2025.
Regarding preferred equity, Strategy maintained its STRC dividend distribution at 11.5% for May, representing the third straight month at this level. STRC’s volume weighted average price for April registered at $99.76, sufficiently close to its $100 nominal 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 disbursements for STRC to minimize price fluctuations.
TipRanks analysts maintain a Strong Buy consensus rating on MSTR, establishing an average price objective of $283.33.
