Strategy (MSTR) sold more of its perpetual preferred stock, Stretch (STRC), on Tuesday to buy about 1,000 bitcoins. This is the largest one-day increase for the instrument since it began trading in July 2025, according to data from STRC.live.
Strategy is the largest publicly traded holder of Bitcoin, and revenues from STRC’s trading activity support its Bitcoin accumulation strategy. Tuesday’s session saw a total trading volume of $198.7 million, compared to a 30-day average of $123.3 million, according to a company dashboard.
About $177 million of the total traded above STRC’s $100 par value, the level at which Strategy can activate its at-the-market (ATM) program for the stock.
Tuesday’s purchase follows the estimated accumulation of around 763 BTC related to Monday’s STRC activity, bringing the two-day total to some 1,762 BTC.
The estimates are derived from a methodology that relates bitcoin purchases to ATM sales. It assumes that 40% of trading volume above the $100 threshold represents ATM issuance, with a 2.5% broker commission deducted before calculating implied bitcoin purchases.
Strategy described STRC as resembling a short-term, high-yielding savings instrument. The company recently increased STRC’s dividend rate to 11.5%, the seventh dividend increase since the product’s launch.
STRC 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.
Strategy’s common stock rose more than 7% in premarket trading to around $142 per share as bitcoin topped $71,000 for the first time in a month.
