Bitcoin Bulls Eye MicroStrategy's STRC and Senate CLARITY Act

Bitcoin bulls are closely monitoring MicroStrategy's STRC ex-dividend date and the Senate's CLARITY Act markup this week, according to BeInCrypto. K33 Research suggests these events could alter defensive positioning that has kept funding rates negative for 74 days. MicroStrategy uses STRC, a perpetual preferred stock, to fund mid-month Bitcoin purchases, with significant acquisitions in March and April. STRC traded above par recently, indicating potential for another large Bitcoin purchase. Meanwhile, the Senate's CLARITY Act, set for markup on May 14, could impact crypto regulation and institutional adoption.