According to CoinMeta, Bitcoin Treasury Company holds a total of 1.3 million BTC among 180 listed companies, which accounts for about 6.2% of the ultimate supply of 21 million Bitcoins. Analysis by Bitfinex indicates that Strategy and Strive are using preferred stock financing to buy Bitcoins, facing doubts from investors regarding the demand for discounted preferred stocks, which may affect subsequent financing. Strategy holds 848,517 Bitcoins, far exceeding other buyers. The analysis suggests that the discounts required by investors could disrupt the financing cycle, forcing the company to sell Bitcoins to pay dividends. Strategy shareholders approved a daily dividend on October 28th, and the new dividend plan will take effect on November 1st. Bitfinex reports that the closing price of STRC on October 29th was $99.34, up from $71.25 in June.