Strategy’s STRC sees record-breaking trading day, may surpass that on Tuesday
Estimated bitcoin purchase from STRC of around 7,800 BTC could mark the largest single-day addition since the preferred stock’s debut.
What to know:
- STRC recorded $1.16 billion in daily trading volume, far exceeding its 30-day average of $278 million, with an estimated 7,800 BTC purchased through its at-the-market program.
- STRC now has a $6.4 billion market cap, surpassing the combined value of STRD, STRK, and STRF.
This comes after Strategy purchased $1 billion worth of bitcoin last week, funded entirely by STRC, which offers an 11.5% annual dividend, paid monthly in cash. The stock maintained its $100 par value throughout the entire trading session.
Historically, the trading day preceding the ex-dividend date, the cutoff date after which new buyers are no longer entitled to the next dividend payment, tends to see the highest trading volume. That’s Wednesday, so it’s possible trading on Tuesday may be even higher than Monday’s record.
STRC now has a market capitalization of $6.4 billion, exceeding the combined market cap of the company’s other preferred securities, including STRD at $1.1 billion, STRK at $1 billion, and STRF at $1.2 billion, according to the MSTR dashboard.
