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Strategy’s STRC Hits Record $1.5B Daily Trading Volume

Cointelegraph
Strategy’s STRC stock reached a record $1.5 billion in daily trading volume, potentially providing capital for significant new Bitcoin acquisitions.

Summary

Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) recently achieved a record daily trading volume of $1.5 billion. According to the STRC.live tracker, this volume could theoretically enable the firm to raise approximately $735.4 million, enough to acquire 9,066 Bitcoin, though such purchases are not guaranteed. As the largest corporate Bitcoin treasury, Strategy continues to utilize these perpetual preferred stocks to fund its holdings, a strategy increasingly adopted by other firms like Strive and Metaplanet to support Bitcoin accumulation.

(Source:Cointelegraph)