TLDR
- STRC preferred stock recorded $198.7M in trading volume Tuesday, marking the instrument’s highest single-day activity in 2026
- Market data suggests Strategy accumulated approximately 1,000 BTC on Tuesday—the largest one-day buy since STRC’s July 2025 introduction
- Monday’s STRC activity indicates an additional 763 BTC purchase, pushing the two-day acquisition total to roughly 1,762 BTC
- The company elevated STRC’s dividend yield to 11.5% recently, marking the seventh rate hike since the product’s inception
- MSTR shares jumped more than 7% during pre-market hours as bitcoin surged past $71,000 for the first time in thirty days
Strategy appears to have embarked on an aggressive bitcoin accumulation campaign this week.
Market activity surrounding its perpetual preferred instrument, Stretch (STRC), suggests the firm acquired approximately 1,000 BTC on Tuesday—representing the most substantial single-day purchase connected to this security since its market debut in July 2025.
STRC’s trading volume on Tuesday reached $198.7 million, significantly exceeding its 30-day moving average of $123.3 million.
Approximately $177 million of that volume occurred above STRC’s $100 par value—the critical price point enabling Strategy to trigger its at-the-market (ATM) offering mechanism and generate new capital.
These figures derive from a calculation framework provided by STRC.live. The model assumes that 40% of trading volume exceeding $100 constitutes ATM issuance, with a 2.5% brokerage fee subtracted prior to calculating implied bitcoin acquisitions.
Monday’s trading patterns were comparable, indicating an estimated 763 BTC purchase through STRC activity. The combined acquisition across both days totals approximately 1,762 BTC.
Understanding the STRC Mechanism
Strategy has characterized STRC as functioning similar to a short-duration, high-yield deposit account.
The instrument distributes monthly cash payments, with the dividend rate recalibrated monthly to maintain trading proximity to its $100 par value while minimizing volatility.
The firm recently boosted STRC’s dividend rate to 11.5%—representing the seventh upward adjustment since the product’s market introduction.
Capital generated through STRC offerings flows directly into Strategy’s bitcoin acquisition strategy, which relies on a diversified funding approach incorporating equity sales, convertible debt instruments, and preferred stock issuances.
Pre-Market Activity for MSTR
Strategy’s common equity, MSTR, advanced more than 7% during Tuesday’s pre-market session, touching approximately $142 per share.
The rally coincided with bitcoin breaking through the $71,000 threshold—its strongest performance in more than thirty days.
Strategy maintains its position as the largest corporate bitcoin holder among publicly traded companies, building its holdings through successive capital raises utilizing various financial vehicles.
Tuesday’s $198.7 million STRC trading volume represents the highest level recorded for this security year-to-date in 2026.
With bitcoin hovering near $71,000, a 1,000 BTC acquisition would necessitate 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.
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