TLDR
- STRC preferred stock recorded $198.7M in trading volume Tuesday, marking the highest single-session activity in 2026
- Volume analysis suggests Strategy accumulated approximately 1,000 BTC Tuesday—the largest one-day buy since STRC’s July 2025 debut
- Monday’s STRC trading indicates roughly 763 BTC was acquired, pushing the two-session total to approximately 1,762 BTC
- The company increased STRC’s dividend rate to 11.5% recently, marking the seventh adjustment since inception
- MSTR shares jumped over 7% during pre-market hours as bitcoin surpassed $71,000 for the first time in four weeks
Strategy appears to have executed a substantial bitcoin accumulation push this week.
Volume data from its perpetual preferred instrument, Stretch (STRC), suggests the firm acquired approximately 1,000 BTC during Tuesday’s session—representing the most significant single-day purchase connected to this security since trading commenced in July 2025.
STRC volume reached $198.7 million on Tuesday, significantly exceeding the 30-day average of $123.3 million.
Approximately $177 million of Tuesday’s activity occurred above STRC’s $100 par value—the critical price point enabling Strategy to deploy its at-the-market (ATM) issuance mechanism for capital raising.
These figures derive from a calculation framework provided by STRC.live. The methodology assumes 40% of trading volume above the $100 threshold represents ATM issuance, with a 2.5% brokerage fee subtracted before computing estimated bitcoin acquisitions.
Monday’s trading activity pointed to roughly 763 BTC purchased through STRC operations. The two-session accumulation totals around 1,762 BTC based on these estimates.
Understanding STRC’s Structure
Strategy has characterized STRC as functioning similarly to a short-term, high-yield savings instrument.
The security distributes monthly cash payments, with the dividend rate modified monthly to maintain trading near the $100 par value while minimizing volatility.
Strategy elevated STRC’s dividend rate to 11.5% in its most recent adjustment—the seventh rate increase since the product’s introduction.
Capital generated from STRC issuances flows directly into Strategy’s bitcoin acquisition strategy, which draws funding from various sources including equity sales, convertible debt, and preferred securities.
Pre-Market Performance for MSTR
Strategy’s common shares, MSTR, advanced more than 7% during Tuesday’s pre-market session, trading near $142 per share.
The upward movement coincided with bitcoin pushing past $71,000—a price level not seen in more than 30 days.
Strategy maintains its position as the world’s largest publicly traded corporate bitcoin holder, building its holdings through successive capital raises utilizing various financial instruments.
Tuesday’s $198.7 million STRC trading volume represents the peak level recorded for this security throughout 2026.
With bitcoin trading around $71,000, a 1,000 BTC acquisition would require approximately $71 million—comfortably within the range suggested by Tuesday’s STRC trading patterns.
MSTR common shares were changing hands around $142 during pre-market trading on Tuesday, March 4, 2026.
