TLDR
- Strategy’s STRC preferred stock reached $198.7 million in trading volume on Tuesday, marking its highest single-day level in 2026
- Trading data suggests Strategy acquired approximately 1,000 BTC on Tuesday — representing the largest one-day accumulation since STRC’s launch in July 2025
- An estimated 763 BTC were purchased on Monday through STRC activity, bringing the combined two-day total to roughly 1,762 BTC
- Strategy recently increased STRC’s dividend rate to 11.5%, marking its seventh hike since the product’s introduction
- MSTR common stock gained over 7% in pre-market trading as bitcoin exceeded $71,000 for the first time in a month
Strategy appears to have embarked on a bitcoin buying spree this week.
Activity in its perpetual preferred stock, Stretch (STRC), indicates the company acquired approximately 1,000 BTC on Tuesday — the biggest single-day accumulation associated with the instrument since trading began in July 2025.
STRC volume on Tuesday reached $198.7 million, significantly exceeding its 30-day average of $123.3 million.
Approximately $177 million of that total traded above STRC’s $100 par value — the level that enables Strategy to trigger its at-the-market (ATM) issuance program and generate new capital.
The calculations use a methodology from STRC.live, which assumes 40% of volume above $100 constitutes ATM issuance, with a 2.5% broker commission subtracted before estimating the implied bitcoin purchases.
Similar activity occurred on Monday, with an estimated 763 BTC connected to STRC trading. This brings the two-day combined total to about 1,762 BTC.
How STRC Works
STRC resembles a short-duration, high-yield savings product.
It distributes cash monthly, with the dividend rate modified each month to maintain the stock’s price near its $100 par value and minimize volatility.
The company recently raised STRC’s dividend rate to 11.5% — its seventh increase since the product’s debut.
Revenue from STRC issuances flows directly into Strategy’s bitcoin acquisition program, which is financed through a combination of equity offerings, convertible bonds, and preferred stock.
MSTR Pre-Market Moves
Strategy’s common stock, MSTR, advanced more than 7% in pre-market trading on Tuesday, hitting approximately $142 per share.
The increase occurred as bitcoin rose above $71,000 — its highest point in more than a month.
Strategy continues to be the largest publicly traded corporate holder of bitcoin, building its position through successive capital raises using various financial instruments.
Tuesday’s $198.7 million STRC volume represents the highest level recorded for the security in 2026 to date.
At bitcoin’s current price near $71,000, acquiring 1,000 BTC would cost about $71 million — comfortably within the range suggested by Tuesday’s STRC activity.
MSTR common stock was priced around $142 in pre-market trading on Tuesday, March 4, 2026.
