In a remarkable turn for Strategy’s STRC ATM, the trading volume has soared to over $2.7 billion within just two sessions this week, a figure that surpasses the total from the entire previous week. The ATM has successfully absorbed an estimated 29,914 BTC, with every share trading above the $100 par threshold.
On Tuesday, the trading day closed with an impressive estimated volume of $1.57 billion, entirely above par, reflecting a strong demand with an estimated 16,762 BTC absorbed in a single session. This figure equates to 37 times the daily mined supply of Bitcoin, amounting to more than a month’s worth of global issuance being withdrawn from the market in just one trading day. Monday also contributed significantly, bringing in $1.17 billion, which means the total for this week has reached $2.74 billion in merely 48 hours—a staggering increase of 115% compared to the previous week.
The consistency in performance is particularly noteworthy: in both Monday and Tuesday sessions, every share of STRC’s traded volume exceeded the $100 par threshold, a performance level that the STRC ATM Tracker has never recorded previously. This means that on both days, the trigger condition for converting demand into Bitcoin has been met, showcasing an unprecedented level of market demand.
To contextualize the figures, last week the STRC ATM reported $1 billion in proceeds from trading and acquired approximately 13,927 BTC over five trading days. In stark contrast, the current week’s performance in just two days has already exceeded that, with projections suggesting that it could approach 75,000 BTC by the end of the week, if the current pace continues.
Several factors seem to have contributed to this impressive performance. Notably, there has been a marked “price discipline,” with the STRC positioned at exactly $100.00 and yielding 11.5%, without deviation. The transition from Monday’s volume of $1.17 billion to Tuesday’s $1.57 billion reflects a day-over-day increase of 34%, indicating that demand is not only holding steady but is actively accelerating during trading sessions.
The strategy implemented—establishing the instrument, maintaining a stable price, and allowing market forces to drive the conversions—has been realized at a scale that was previously theorized but not experienced. In the short span of ten trading days since the ATM’s activation, the market has absorbed Bitcoin in quantities that parallel the strategies seen from other corporate Bitcoin treasury accumulators.
This week has the potential to redefine what constitutes a “large corporate Bitcoin treasury,” and with three trading sessions remaining, the momentum suggests more records could be on the horizon. Live tracking of the STRC ATM is available for those wishing to observe these developments in real time, and weekly recaps provide further insights into the acquisition rates and other vital statistics.
However, it’s crucial to note that while the current data represents a significant shift, the high performance could stabilize or retract as the week progresses. The dynamics at play will continue to be closely monitored as the market evolves.
