Strategy’s STRC Stock Surges as Most Liquid Preferred Security
- STRC stock has an average daily trading volume of $296 million, surpassing competitors like BA and KKR.
- The stock offers a dividend yield of 11.50%, driving increased demand among investors.
- Strive allocated $50 million to STRC, representing over one-third of its corporate treasury.
- Recent estimates suggest Strategy may have purchased up to 11,042 BTC this week using STRC proceeds.
- Trading volume for STRC surged more than five times in the last ten days, with a recent high of $298 million.
The rise in liquidity and trading volume for STRC highlights its growing appeal as a Bitcoin-backed security among institutional investors. This trend is reinforced by significant investments from firms like Strive, indicating confidence in the stock’s performance and yield potential.
Currently trading at $99.75, STRC remains a focal point for crypto traders anticipating announcements of substantial Bitcoin purchases by Strategy this week.(Source)
