On March 12, trading volume for Strategy‘s STRC preferred stock jumped 471%, setting a single-day record. An analysis estimated the activity generated enough capital to fund the purchase of roughly 4,000 Bitcoin. For the week, the cumulative figure was enough to acquire more than 10,000 BTC, drawing investor attention to the corporate treasury’s aggressive accumulation pace.
Strategy‘s STRC preferred stock program had a record trading session on March 12. According to data from BitcoinTreasuries, about 7.3 million shares traded, a volume 471% higher than the stock’s average.
The analysis model used minute-by-minute data and attributed a portion of the volume to at-the-market issuance. It estimated net proceeds of over $283 million, which at Bitcoin’s average price near $70,000 could buy approximately 4,000 BTC.
The trading activity that day reached an estimated $743 million, exciting market observers. One observer suggested the session could become STRC’s first $1 billion trading day.
The stock structure itself is drawing significant attention from investors. STRC pays a variable monthly dividend, currently annualized at 11.5%, and channels investor capital directly into Bitcoin purchases.
Market analyst Mark Harvey recently gave a hypothetical example of the instrument’s mechanics. He illustrated how fixed dividend obligations could be vastly outpaced by gains in the value of the acquired Bitcoin.
As of its most recent filing, Strategy held 738,731 BTC. The company has recently boosted its holdings with significant purchases, including 17,994 BTC acquired on March 9 for $1.28 billion.
The company’s massive Bitcoin stash is currently valued at approximately $53.1 billion. Strategy acquired its total holdings for an aggregate cost of just over $56 billion.
