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\n\t\t\t\t\t\t\t\t\tSTRC trading volume jumped 471%, generating capital for roughly 4,000 BTC, according to BitcoinTreasuries.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
On March 12, Strategy\u2019s STRC preferred stock program set a single-day record, generating enough capital to fund the purchase of 4,000 BTC.<\/p>\n
According to data from BitcoinTreasuries, the week\u2019s 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\u2019s largest corporate Bitcoin holder is building its treasury.<\/p>\n
In a post on X, BitcoinTreasuries revealed<\/a> that there were about 7.3 million shares traded during the March 12 session, a figure 471% higher than the stock\u2019s average daily volume.<\/p>\n 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\u2019s $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.<\/p>\n March 12th\u2019s 7.3 million share volume yielded just over $283 million in net proceeds using the formula, and when divided by Bitcoin\u2019s average price near $70,000, it was found that the money could buy 4,000 BTC, which was a first in the program\u2019s history.<\/p>\n The amount of trading reached an estimated $743 million, exciting observers enough that one of them, Mark Harvey, suggested<\/a> that the day could become STRC\u2019s first $1 billion trading day, given that at the time there were still two hours left before the market closed.<\/p>\n 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\u2019s common MSTR stock.<\/p>\n Essentially, the fixed dividend remains perpetual with no principal repayment required, unlike debt. Harvey recently gave<\/a> an example of how it works, using a hypothetical scenario where the company issues $100,000 of STRC at the stated 11.5% yield to buy BTC.<\/p>\n According to him, it would create a yearly dividend obligation of $11,500, which would be fixed, meaning that even if BTC\u2019s value were to shoot up 10 times in five years, Strategy\u2019s dividend obligation would be just $57,500, while its BTC holding grows by $1,000,000, delivering a net $842,500 gain to shareholders.<\/p>\n As of its most recent filing dated March 9, Strategy held 738,731 BTC, boosted by recent purchases, including\u00a03,015 BTC bought<\/a> on March 2 and a bigger announcement<\/a> of 17,994 BTC on March 9 acquired for $1.28 billion.<\/p>\n At current prices, the stash is valued at about $53.1 billion, with the company having acquired it for just over $56 billion.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nStock Structure Draws Attention<\/h2>\n
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