STRC’s strategy offering hit a record high in a single day

According to BitcoinTreasuries, the trading volume of STRC increased by 471%, creating a capital of about 4,000 BTC.

On March 12, Strategy STRC’s preferred stock program set a one-day record, generating enough capital to finance the purchase of 4,000 BTC.

According to BitcoinTreasuries, the week’s total was already enough to buy more than 10,000 BTC, a pace that is attracting the attention of investors who are watching how the world’s largest Bitcoin holder is aggressively building its treasury.

Record trading volume for STRC

In a post on X, BitcoinTreasuries revealed that nearly 7.3 million shares were traded during the March 12 session, a figure 471% higher than the average daily volume.

The platform uses a model that analyzes 1-minute STRC candles throughout the trading day, including pre-market and after-hours sessions. For each bar that closed at $99.92 or higher, assuming a $100 face value of STRC, the model attributed 40% of the volume to market (ATM) issuance. It then deducted the underwriter’s commission of 2.5% and divided the net proceeds by the average bitcoin price to arrive at an estimated BTC amount.

The volume of 7.3 million shares on March 12 using this formula generated a net income of slightly more than $283 million, and when dividing the average price of Bitcoin near $70,000, it became clear that this money could buy 4,000 BTC, which was the first in the history of the program.

Trading volume reached nearly $743 million, exciting observers enough that one of them, Mark Harvey, suggested that today could be STRC’s first $1 billion trading day, given that there were still two hours left before the market closed.

The stock structure attracts attention

STRC pays a variable monthly dividend that is currently 11.5% annually, and it has built-in controls designed to keep the stock trading. The instrument transfers investor capital directly to the purchase of Bitcoin, while providing a yield-oriented product that tends to move less than the MSTR Strategy’s common stock.

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Basically, fixed dividends last forever and, unlike debt, no principal payments are required. Harvey recently gave an example of how this works using a hypothetical scenario where a company issues $100,000 of STRC at an 11.5% yield to buy BTC.

According to him, it creates an annual dividend obligation of $11,500, which will be fixed, meaning that even if the value of BTC increases 10 times over five years, the Strategy’s dividend obligation will be only $57,500, while its BTC holdings will increase by $1,000,000, to 4,250 shares.

As of its last filing on March 9, Strategy had 738,731 BTC, which has been boosted by recent purchases, including 3,015 BTC purchased on March 2 and a larger announcement of 17,994 BTC on March 9, worth $1.28 billion.

At current prices, the fund is worth about $53.1 billion, and the company acquired it for just over $56 billion.