Bitcoin-focused firm Strategy, led by Michael Saylor, announces a 10.5% monthly dividend on its STRC stock after declaring $3.9 billion in profits in Q3, a significant improvement from previous losses. The dividend increase signals a push for more BTC purchases, as Strategy holds 640,808 BTC with $23.2 billion in unrealized gains. Despite Bitcoin’s 8% decline in October, treasury firms saw a $18.8 billion market cap drop, yet continued to accumulate Bitcoin. This countercyclical buying pattern reflects institutional confidence in Bitcoin as a strategic asset, amidst market turbulence. Strategy’s aggressive intent to raise liquidity for more Bitcoin purchases could drive demand in November.

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Read more at Yahoo Finance: Michael Saylor Announces 10.5% STRC Monthly Dividends