STRC trading surge drives record volume and signals largest bitcoin purchase since launch
CoinDesk
Strategy's STRC saw record trading volume, funding an estimated 7,800 BTC purchase, the largest since its debut.Summary
Strategy's perpetual preferred security, STRC, experienced a record-breaking trading day on Monday, with volume surging to $1.16 billion, more than four times its 30-day average. This significant trading activity funded an estimated purchase of 7,800 BTC by MicroStrategy, marking the largest single-day addition of bitcoin since STRC's inception. This follows a previous $1 billion bitcoin purchase funded by STRC, which offers an 11.5% annual dividend. The trading volume on Monday may be surpassed on Tuesday, as it precedes the ex-dividend date, a period historically associated with higher trading activity. STRC's market capitalization now stands at $6.4 billion, surpassing other preferred securities from Strategy.
(Source：CoinDesk)