Strategy’s STRC preferred stock hit a record $1.53 billion daily trading volume as BTC buying expectations grow.
Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, recorded its highest-ever single-day trading volume on May 14, reaching $1.53 billion.
Chairman Michael Saylor announced the milestone on X, describing it as an "all-time high volume" event in liquidity for the instrument. According to the STRC(dot)live tracker, the volume generated could theoretically support a purchase of approximately 9,066 BTC, valued at an estimated $735.4 million, though no guarantee exists that Strategy will deploy those funds toward a Bitcoin (BTC) acquisition.
STRC pays investors an 11.5% dividend and allows the company to raise capital without diluting common shareholders. The instrument has become Strategy's primary funding vehicle for BTC purchases in 2026, as access to senior convertible notes and at-the-market equity offerings has tightened.
Strategy has purchased 56,770 BTC since April and 101,147 BTC since March, accelerating its acquisition pace following a slower February. The company currently holds 818,869 BTC, worth approximately $66.5 billion at current prices. Bitcoin's recent rally to $81,000 has pushed it above Strategy's average purchase price of $75,543, putting its holdings up 7.2%.
During its Q1 earnings call on May 5, Saylor outlined ambitions to build Stretch into what he called the "biggest credit instrument in the world." Perpetual preferred stocks have attracted other Bitcoin treasury companies as well, with Tokyo-based Metaplanet raising capital through instruments named MARS and MERCURY.
Strive announced Thursday that holders of its Variable Rate Series A Perpetual Preferred Stock, SATA, will receive daily dividends beginning June 16. That schedule is more frequent than the monthly distributions Strategy offers through STRC. Nearly 200 public companies currently hold BTC on their balance sheets.
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