Bitwise CIO: Strategy's STRC is a key driver of recent BTC rally

Bitwise CIO Matt Hougan has identified Strategy's preferred stock, STRC, as a primary driver behind Bitcoin's 20% rally from its February lows. According to The Block, Hougan believes that while several factors are at play, Strategy is the single largest contributor. He pointed out that Strategy has acquired an additional $7.2 billion worth of Bitcoin in the past eight weeks and is expected to raise billions more for future purchases via STRC. Hougan further explained that, in theory, Strategy could sustain dividend payments for 42 years at Bitcoin's current price. He added a caveat: if the price of BTC remains static until 2068, the company would fail. Conversely, an annual price increase of 20% would allow Strategy to pay dividends indefinitely.