Overview
- Real-time trackers estimate Strategy bought more than 4,000 BTC today via sales of its variable-rate preferred STRC, the largest single-day total yet for the instrument, though the figures are not company-confirmed.
- Market estimates reported this morning indicate roughly 7,000 BTC were acquired through STRC this week, highlighting the preferred’s growing role in financing purchases.
- STRC posted a record $409 million in daily trading volume on March 10 with about 3% 30-day volatility and a one-month VWAP near $99.78, signaling deepening liquidity around its $100 par.
- A March 9 SEC filing amended Strategy’s at-the-market program to let multiple agents sell the same security during pre-market and after-hours sessions, broadening issuance capacity.
- Institutional interest is building as Strive disclosed a $50 million STRC purchase alongside a 179 BTC buy and a SATA dividend hike to 12.75%, while Apyx reported lifting its STRC stake to 255,000 shares and advisers cautioned that double-digit yields imply added risk.