TLDR
- STRC preferred stock registered $198.7M in trading volume Tuesday, marking the highest single-day activity recorded in 2026
- Market data suggests Strategy acquired approximately 1,000 BTC Tuesday — representing the largest one-day accumulation since STRC’s July 2025 debut
- Monday’s STRC trading activity indicates an additional 763 BTC purchase, totaling roughly 1,762 BTC over the two-day period
- The company has elevated STRC’s dividend rate to 11.5%, marking the seventh adjustment higher since the instrument’s inception
- MSTR shares advanced more than 7% during pre-market hours as bitcoin crossed the $71,000 threshold for the first time in 30 days
Strategy appears to have embarked on a significant bitcoin accumulation campaign this week.
Market activity surrounding its perpetual preferred instrument, Stretch (STRC), suggests the corporation acquired approximately 1,000 BTC on Tuesday — representing the most substantial single-session purchase connected to this financial product since trading commenced in July 2025.
STRC recorded $198.7 million in trading volume on Tuesday, substantially exceeding its 30-day moving average of $123.3 million.
Approximately $177 million of that volume transacted above STRC’s $100 par value — the critical price point enabling Strategy to execute its at-the-market (ATM) offering mechanism and generate additional capital.
These projections utilize a calculation framework from STRC.live. The model assumes 40% of trading volume exceeding $100 constitutes ATM issuance, with a 2.5% brokerage fee subtracted before projecting bitcoin purchase amounts.
Monday displayed comparable trading patterns, with roughly 763 BTC attributed to STRC market activity. This brings the cumulative two-day acquisition estimate to around 1,762 BTC.
Understanding the STRC Mechanism
Strategy has characterized STRC as functioning similarly to a short-term, high-yield deposit instrument.
The security distributes monthly cash payments, with the dividend percentage recalibrated monthly to maintain trading proximity to its $100 par value while minimizing volatility.
Strategy recently boosted STRC’s dividend rate to 11.5% — representing the seventh upward revision since the product’s market introduction.
Capital generated through STRC issuances flows directly into Strategy’s bitcoin acquisition initiative, which receives funding through a combination of stock offerings, convertible debt instruments, and preferred equity.
Pre-Market Activity for MSTR Shares
Strategy’s common equity, MSTR, appreciated over 7% in pre-market sessions on Tuesday, climbing to approximately $142 per share.
The upward movement coincided with bitcoin advancing past $71,000 — representing its strongest price level in more than 30 days.
Strategy maintains its position as the largest public corporation holding bitcoin, building its reserves through successive capital raises utilizing various financial instruments.
Tuesday’s $198.7 million STRC trading volume represents the peak level documented for this security throughout 2026 to date.
With bitcoin trading near $71,000, acquiring 1,000 BTC would necessitate approximately $71 million — comfortably within the parameters suggested by Tuesday’s STRC market activity.
MSTR common shares were changing hands around $142 during pre-market trading on Tuesday, March 4, 2026.
