MSTR logs record day for STRC issuance on Monday, buys estimated 1,420 bitcoin
Summary
Strategy (MSTR), the largest publicly traded bitcoin holder, experienced a record day for the issuance of its perpetual preferred equity, Stretch (STRC), on Monday. The trading volume reached nearly $300 million, significantly higher than the 30-day average of $124 million. The proceeds from these STRC sales are used to fund the company's bitcoin accumulation program, resulting in the purchase of an estimated 1,420 BTC based on the inferred methodology from at-the-market (ATM) sales. Furthermore, Strategy amended its Omnibus Sales Agreement to allow multiple agents to execute STRC sales during pre-market or after-hours sessions. STRC, which debuted in July 2025, is described by the company as resembling a short-duration, high-yield savings instrument, with a recently raised dividend rate of 11.5%.
(Source:CoinDesk)