In a significant maneuver within the cryptocurrency market, Strategy (MSTR) executed a sale of its perpetual preferred equity stock, Stretch (STRC), on Tuesday, which facilitated the acquisition of approximately 1,000 bitcoins. This event marks the largest single-day increase in the trading of STRC since its inception in July 2025, according to data sourced from STRC.live.
As the largest publicly traded holder of bitcoin, Strategy’s actions are closely watched. The proceeds from STRC trading activity are instrumental in bolstering the company’s bitcoin accumulation strategy. During Tuesday’s trading session, the total trading volume reached $198.7 million, surpassing the 30-day average of $123.3 million. Notably, around $177 million of this amount traded above STRC’s established $100 par value, which is the threshold that triggers Strategy’s ability to activate its at-the-market (ATM) issuance program for the stock.
This recent purchase follows an estimated accumulation of about 763 bitcoins tied to STRC activity on the previous day, leading the combined total over two days to approximately 1,762 bitcoins. These estimates are derived from a specific methodology that gauges bitcoin purchases linked to ATM sales, suggesting that 40% of the trading volume exceeding the $100 threshold is attributable to ATM issuances. This calculation also accounts for a 2.5% broker commission deducted prior to determining the implied bitcoin purchases.
Strategy has positioned STRC as akin to a short-duration, high-yield savings instrument. Recently, the company raised the dividend rate on STRC to an attractive 11.5%, marking the seventh increase since the product was first introduced. STRC offers monthly cash distributions, with the dividend rate adjusted each month to maintain the shares’ pricing close to the $100 par value while minimizing price volatility.
In response to these developments, Strategy’s common stock experienced a notable rise of more than 7% in pre-market trading, reaching around $142 per share, coinciding with a surge in bitcoin prices that surpassed $71,000 for the first time in a month.
