Strategy’s STRC Stock Hits $1.1B Daily Volume Record

Strategy’s STRC perpetual most well-liked inventory recorded $1.1 billion in every day buying and selling quantity on April 13.

This was 46.5% increased than its earlier single-day file and greater than 4 occasions its 300-day common of about $274 million.

A $100 Stock Moving Billions

The share value moved one cent, the whole liquidity was $1.156 billion, and that hole between exercise and value stability is, frankly, the entire level.

STRC, formally the Variable Rate Series A Perpetual Stretch Preferred Stock, listed on Nasdaq, pays 11.5% yearly in month-to-month money dividends. The fee adjusts month-to-month to maintain the share value close to $100 par, and it has climbed steadily from 9% at launch in July 2025, holding at 11.5% since April after seven straight will increase.

There is not any maturity date, and Strategy by no means has to return principal. What they do as a substitute is hold paying dividends and issuing new shares each time the inventory trades at or above par, then take that capital straight into Bitcoin.

That mechanic is what made the Monday record so notable. According to 4 separate trackers cited by analyst Mark Harvey, the ATM program funded an estimated common of 9,894 BTC, with particular person estimates starting from about 6,100 to 12,500.

This got here at some point after Strategy had already confirmed a separate $1 billion buy of 13,927 BTC at round $72,000 every. The purchase introduced its complete to 780,897 BTC acquired for roughly $59 billion.

Analyst Adam Livingston did the arithmetic on Monday’s increase in a publish on X, and in keeping with him, at 11.5% yearly, the quantity raised carries about $98 million per 12 months in dividend obligations. Over ten years, that totals lower than $1 billion.

If Bitcoin compounds at 25% yearly over the identical interval, the BTC bought with that capital would theoretically be value near $8 billion, leaving a theoretical unfold of almost $7 billion after a decade of dividends paid, assuming the speed by no means drops.

“It is a machine that converts capital markets entry into long-duration Bitcoin publicity,” Livingston wrote, “whereas the mounted declare will get smaller and smaller relative to the asset.”

How  STRC Stacks Up

The quantity file additionally generated a liquidity comparability value noting. STRC’s 30-day common buying and selling quantity now runs at 4.8% of its market cap, in keeping with knowledge shared by Strategy President Phong Le. For comparability, Tesla sits at 1.8%, Meta and Nvidia are each at 0.7%, and Apple is at 0.3%.

So, basically, a most well-liked inventory with no voting rights and a $100 par worth is now extra liquid, relative to market cap, than each main tech firm in America.

Livingston made an identical level about STRC’s relationship to MSTR itself: the popular inventory now accounts for roughly 90% of MSTR’s every day buying and selling quantity. Five months in the past, that determine was 10%.

The broader crypto market was transferring on Monday, too. Bitcoin climbed towards $75,000, its highest since mid-March, after experiences of potential US-Iran de-escalation added about $100 billion to the whole crypto market cap.

A rising BTC value issues for STRC holders as a result of Strategy’s potential to cowl dividend obligations indefinitely with out issuing new MSTR shares is determined by Bitcoin rising sooner than its 2% breakeven ARR, a determine Executive Chairman Michael Saylor said the corporate tracks in actual time.

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