Strategy’s STRC Achieves Record $1.5B Trading Volume
- Strategy’s perpetual preferred stock, STRC, reached a daily trading volume of $1.53 billion.
- The company could potentially raise $735.4 million to purchase approximately 9,066 Bitcoin (BTC) from this performance.
- Since April, Strategy has acquired a total of 56,770 Bitcoin and has purchased a cumulative total of 101,147 Bitcoin since March.
- Strategy holds the largest corporate Bitcoin treasury with a total of 818,869 Bitcoin valued at $66.5 billion.
- Bitcoin’s price recently surged to $81,000, exceeding Strategy’s average purchase price of $75,543.
Perpetual preferred stocks like STRC are increasingly being utilized by companies to fund Bitcoin purchases amid challenging market conditions for traditional capital raising methods. This trend reflects a growing interest in innovative financial instruments within the cryptocurrency sector.
With its recent trading volume milestone and substantial Bitcoin holdings up by over seven percent due to current market prices, Strategy is solidifying its position as a leader in corporate cryptocurrency investments.
