TheBlock
A recurring pattern in Bitcoin's price action is drawing attention from K33 Research: strong mid-month returns in both March and April appear to be structurally linked to Strategy's STRC preferred stock. Vetle Lunde, Head of Research at K33, points to the instrument's monthly dividend mechanics as the likely driver.
STRC pays monthly dividends, but investor eligibility hinges on the ex-dividend date — which falls on the 15th of each month. That hard deadline creates a predictable surge in demand as investors position ahead of the cutoff, injecting buying pressure into Bitcoin around the same window each month.
If the pattern holds, it suggests STRC has quietly become a structural bid in the mid-month Bitcoin market — a recurring, calendar-driven inflow that traders and macro watchers may want to account for going forward.
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