Strategy’s STRC hits record $1.5B trading volume
SkimNews Take
The increasing use of perpetual preferred stocks by multiple firms to fund Bitcoin purchases suggests a shift towards more sophisticated, leveraged strategies for corporate crypto investment.
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- Strategy could raise an estimated $735.4 million from Thursday’s STRC performance, enough to purchase 9,066 Bitcoin.
- Strategy has bought 56,770 Bitcoin since April and 101,147 Bitcoin since March, accelerating after a slower‑than‑usual February.
- Strategy holds 818,869 Bitcoin worth $66.5 billion at current market prices, making it the largest corporate Bitcoin treasury.
- Strive announced that investors in its Variable Rate Series A Perpetual Preferred Stock (SATA) will receive daily dividends starting June 16, a more frequent payout than Strategy’s Stretch monthly distributions.
- Metaplanet raised capital through its MARS and MERCURY perpetual preferred stocks to fund Bitcoin purchases.
Why it matters: Strategy’s shareholders gain exposure to Bitcoin’s upside as the firm can acquire 9,066 BTC for $735 M, while investors in Strive’s SATA earn daily yields, and Strategy’s Bitcoin holdings rose 7.2% after Bitcoin rallied above $80 k.
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