Strategy’s STRC sees record $1.53 billion daily liquidity for Bitcoin buys

On Thursday, Strategy’s variable rate perpetual preferred stock, STRC, hit a record level of daily trading activity as the company continued to rely on the instrument to finance Bitcoin acquisitions. STRC logged about $1.53 billion in daily liquidity, closing at its $100 par value with minimal movement during the session, according to figures cited by Strategy’s executive chairman, Michael Saylor. Strategy did not announce any specific Bitcoin purchase tied to that day’s trading.

STRC, also referred to as Stretch, is structured to pay investors an 11.5% annual dividend in monthly cash installments, with the dividend rate adjusted each month to help keep the security trading near par. Analysts and investors have viewed that design as a way to attract yield-seeking capital while reducing the volatility typically associated with equity-like instruments. In a post accompanying the record volume, Saylor wrote: Alltime high volume. 1.53B of liquidity. Two cents of volatility. Closed at par.

Strategy uses STRC as a primary funding channel for its 2026 Bitcoin strategy. Data cited from River indicated that STRC proceeds funded roughly 77,000 BTC purchases during 2026, compared with...