TLDR
- STRC preferred stock recorded $198.7M in trading volume on Tuesday, marking the highest single-day activity in 2026
- Analysis of trading patterns suggests Strategy acquired approximately 1,000 BTC on Tuesday — representing the largest one-day buy since STRC’s July 2025 debut
- Monday’s STRC trading activity indicates approximately 763 BTC was purchased, totaling roughly 1,762 BTC over the two-day period
- The company has increased STRC’s dividend rate to 11.5%, marking the seventh hike since the instrument’s launch
- MSTR shares jumped more than 7% during pre-market hours as bitcoin surged past $71,000 for the first time in 30 days
Strategy appears to have engaged in significant bitcoin accumulation this week.
The trading patterns of its perpetual preferred stock instrument, Stretch (STRC), indicate the company purchased approximately 1,000 BTC on Tuesday — representing the most substantial single-day acquisition associated with this financial product since its market debut in July 2025.
STRC’s trading volume on Tuesday reached $198.7 million, significantly exceeding the 30-day average of $123.3 million.
Approximately $177 million of this volume occurred above STRC’s $100 par value — the critical price point that enables Strategy to execute its at-the-market (ATM) issuance program for capital raising purposes.
These figures are derived using a calculation framework from STRC.live. The methodology assumes that 40% of trading volume above the $100 threshold constitutes ATM issuance, with a 2.5% broker fee subtracted before calculating the estimated bitcoin acquisition amount.
Monday’s trading activity showed comparable patterns, with approximately 763 BTC tied to STRC transactions. The cumulative two-day estimate stands at around 1,762 BTC.
How STRC Works
Strategy has characterized STRC as functioning similarly to a short-duration, high-yield savings instrument.
The product delivers monthly cash distributions to holders, with the dividend rate recalibrated monthly to maintain trading activity near the $100 par value and minimize volatility.
Strategy recently elevated STRC’s dividend rate to 11.5% — representing the seventh adjustment upward since the product’s introduction.
Capital generated through STRC issuances flows directly into Strategy’s bitcoin acquisition program, which draws funding from multiple sources including equity sales, convertible debt instruments, and preferred stock offerings.
MSTR Pre-Market Moves
Shares of Strategy’s common stock, MSTR, increased more than 7% during pre-market trading on Tuesday, approaching $142 per share.
The upward movement coincided with bitcoin breaking through the $71,000 threshold — marking its strongest level in more than 30 days.
Strategy maintains its position as the largest publicly listed corporate bitcoin holder, building its holdings through successive capital raises utilizing various financial instruments.
Tuesday’s $198.7 million STRC trading volume represents the highest daily figure recorded for this security in 2026 to date.
With bitcoin prices hovering near $71,000, acquiring 1,000 BTC would cost approximately $71 million — comfortably within the estimated range suggested by Tuesday’s STRC trading patterns.
MSTR common shares were changing hands around $142 during pre-market hours on Tuesday, March 4, 2026.
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