Strategy (MSTR), the largest publicly traded bitcoin holder sold a record number of its perpetual preferred shares, Stretch (STRC), on Monday, using the proceeds to buy about 1,420 bitcoins, according to data from STRC.live.
Profits from STRC, which debuted in July 2025, support the company’s bitcoin accumulation strategy. Monday’s session saw a total trading volume of nearly $300 million, compared to a 30-day average of $124 million, according to the company’s dashboard.
Estimates are based on a methodology that deducts purchases from sales on the market (ATM). The approach assumes that 40% of trading volume above $100 represents ATM issuance, with a 2.5% broker commission deducted before calculating the implied purchase of Bitcoin.
Last week, Strategy purchased approximately $1.3 billion worth of BTC, or nearly 18,000 coins.
Strategy described STRC as resembling a short-term, high-yielding savings instrument. The company recently increased the STRC dividend rate to 11.5%. The security pays monthly cash distributions. The dividend rate is adjusted monthly to keep the shares close to their par value of $100 while limiting price volatility.
In a filing of 8,000 on Monday, Strategy amended its omnibus sales agreement to allow multiple agents to sell the same class of securities during a single trading day during premarket or after-hours sessions. The change allows additional agents to handle early or late transactions, while bulk sales after 4 p.m. ET remain permitted.
Strategy shares are up about 3% in premarket trading to around $143 per share.
