TLDR
- STRC preferred stock recorded $198.7M in trading volume on Tuesday, marking 2026’s highest single-day performance
- Analysis of trading data suggests Strategy acquired approximately 1,000 BTC on Tuesday — representing the largest one-day accumulation since STRC’s July 2025 debut
- Monday’s STRC activity indicates an estimated 763 BTC purchase, pushing the two-day aggregate to roughly 1,762 BTC
- The company elevated STRC’s dividend rate to 11.5% in its seventh adjustment since inception
- MSTR common shares advanced more than 7% during pre-market hours while bitcoin exceeded $71,000 for the first time in 30 days
Strategy appears to have executed a substantial bitcoin acquisition this week.
Activity surrounding its perpetual preferred security, Stretch (STRC), indicates the firm purchased approximately 1,000 BTC on Tuesday — marking the most significant single-day accumulation associated with this instrument since trading commenced in July 2025.
STRC’s Tuesday volume reached $198.7 million, significantly exceeding its 30-day average of $123.3 million.
Approximately $177 million of that figure traded above STRC’s $100 par value — the critical price point enabling Strategy to deploy its at-the-market (ATM) issuance mechanism and generate additional capital.
These calculations utilize a methodology developed by STRC.live. The model assumes 40% of above-par volume represents ATM issuance activity, with a 2.5% broker fee subtracted before determining implied bitcoin acquisition amounts.
Monday exhibited comparable patterns, with an estimated 763 BTC tied to STRC transactions. The cumulative two-day figure reaches approximately 1,762 BTC.
How STRC Works
Strategy has characterized STRC as functioning similarly to a short-duration, high-yield savings instrument.
The security delivers monthly cash distributions, with the dividend rate recalibrated each month to maintain trading near the $100 par value while minimizing volatility.
The firm recently increased STRC’s dividend rate to 11.5% — marking the seventh upward adjustment since launch.
Capital generated from STRC issuances flows directly into Strategy’s bitcoin acquisition program, which draws funding from equity offerings, convertible bonds, and preferred stock combined.
MSTR Pre-Market Moves
Strategy’s common equity, MSTR, advanced more than 7% during pre-market trading on Tuesday, approaching $142 per share.
The rally coincided with bitcoin surging past $71,000 — reaching its strongest position in over a month.
Strategy maintains its position as the largest publicly traded corporate bitcoin holder, building its holdings through successive capital raises across diverse financial instruments.
Tuesday’s $198.7 million STRC volume represents the highest level recorded for this security throughout 2026.
With bitcoin prices hovering near $71,000, acquiring 1,000 BTC would require approximately $71 million — comfortably aligned with the range suggested by Tuesday’s STRC trading patterns.
MSTR common equity traded around $142 during pre-market hours on Tuesday, March 4, 2026.
