Strategy STRC Offering Hits Record High in Single Day

On March 12, Strategy’s STRC preferred stock program set a single-day record, generating enough capital to fund the purchase of 4,000 BTC. According to data from BitcoinTreasuries, the week’s total was already enough to buy more than 10,000 BTC, a pace that is drawing the attention of investors who are watching how aggressively the world’s largest corporate Bitcoin holder is building its treasury. Record Trading Volume for STRC In a post on X, BitcoinTreasuries revealed that there were about 7.3 million shares traded during the March 12 session, a figure 471% higher than the stock’s average daily volume. The platform uses a model that analyzes 1-minute STRC candles during the entire trading day, including pre-market and after-hours sessions. For any bar that closed at or above $99.92, considering STRC’s $100 par value, the model attributed 40% of the volume to at-the-market (ATM) issuance. It then subtracted a 2.5% underwriter commission and divided the net proceeds by the session-average Bitcoin price to get an estimated BTC total. March 12th’s 7.3 million share volume yielded just over $283 million in net proceeds using the formula, and when divided by Bitcoin’s average price near $70,000, it was found that the money could buy 4,000 BTC, which was a first in the program’s history. The amount of trading reached an estimated $743 million, exciting observers enough that one of them, Mark Harvey, suggested that the day could become STRC’s first $1 billion trading day, given that at the time there were still two hours left before the market closed. Stock Structure Draws Attention STRC pays a variable monthly dividend currently annualized at 11.5%, and it has built-in rate adjustments designed to keep the stock trading near par. The instrument channels investor capital directly into Bitcoin purchases while providing a yield-focused product that tends to move less than Strategy’s common MSTR stock. Essentially, the fixed dividend remains perpetual with no principal re...