Strategy’s STRC stock hits daily record of $1.1 billion

STRC now represents about 90% of MSTR’s daily trading volume, a significant rise from 10% five months ago.

Strategy’s STRC perpetual preferred stock recorded $1.1 billion in daily trading volume on April 13.

This was 46.5% higher than the previous one-day record and more than four times its 300-day average of about $274 million.

$100 stocks move billions

Share price Move One cent, total liquidity reached $1.156 billion, and this gap between activity and price stability is, frankly, the bottom line.

STRC, officially Class A variable rate preferred stock, listed on the Nasdaq, pays 11.5% annually in monthly cash dividends. The price is adjusted monthly to keep the share price near $100, and has risen steadily from 9% at launch in July 2025, and has remained at 11.5% since April after seven consecutive increases.

There is no maturity date, and the strategy never has to return capital. What they do instead is continue to pay dividends and issue new shares when the stock is trading at or above par, then they take the capital directly into Bitcoin.

This mechanic is what made Monday register Very noticeable. According to four separate tracking devices quote According to analyst Mark Harvey, the ATM program funded an estimated 9,894 bitcoins on average, with individual estimates ranging from about 6,100 to 12,500.

This came one day after the strategy was actually implemented certain A separate $1 billion purchase of 13,927 bitcoins at about $72,000 each. This brings the total purchase to 780,897 Bitcoins acquired for approximately $59 billion.

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Analyst Adam Livingstone did the math for Monday’s increase in a post on X, and according to him, by 11.5% annually, the amount raised He carries About $98 million annually in dividend obligations. Over ten years, the total amounts to less than $1 billion.

If Bitcoin accumulated 25% annually over the same period, the Bitcoin purchased with that capital would theoretically be worth roughly $8 billion, leaving a theoretical difference of roughly $7 billion after a decade of dividends, assuming the rate never falls.

“It is a machine that turns access to capital markets into long-term exposure to bitcoin, while the fixed claim gets smaller and smaller for the asset,” Livingstone wrote.

How STRC stacks up

The volume record also made for a noteworthy liquidity comparison. STRC’s average 30-day trading volume is now 4.8% of its market capitalization, according to the data subscriber By Chief Strategy Officer Fung Lee. For comparison, Tesla’s share is 1.8%, Meta and Nvidia’s share is 0.7%, and Apple’s share is 0.3%.

So, a non-voting preferred stock with a par value of $100 is now more liquid, relative to market capitalization, than any major technology company in America.

Livingston raised a similar point about STRC’s relationship to MSTR itself: the now preferred stock the accounts For approximately 90% of MSTR’s daily trading volume. Five months ago, this number was 10%.

The broader cryptocurrency market was on the move on Monday as well. Bitcoin He went up About $75,000, the highest level since mid-March, after reports of a possible de-escalation between the United States and Iran added about $100 billion to the total market capitalization of cryptocurrencies.

The rise in BTC’s price is important to STRC holders because the strategy’s ability to cover its dividend obligations indefinitely without issuing new MSTR shares depends on Bitcoin growing faster than the 2% break-even rate, which is CEO Michael Saylor’s number. He said Track the company in real time.