Bitcoin has climbed to $79,000, marking its first increase in six months following the ex-dividend date of Strategy's perpetual preferred shares (STRC) on April 15. This rise from $75,000 highlights Bitcoin's resilience despite typical dividend adjustments. STRC, a key funding tool for Strategy's Bitcoin acquisitions, usually drops by the dividend amount on the ex-dividend date but has rebounded to $99.47, nearing its $100 face value. Strategy's stock surged over 9% to $178, potentially leveraging its ATM program to fund further Bitcoin purchases. The recent Bitcoin rally, partly driven by a short squeeze, is supported by negative funding rates for perpetual futures and a persistent Coinbase Premium, indicating strong spot demand.