Bitcoin backed preferred shares STRC and SATA recorded their strongest month on record in June, with combined trading volume surpassing $10 billion even as Bitcoin’s sharp decline pushed both securities below their $100 par value.
Data from BitcoinTreasuries.net (BTN) shows that Strategy’s STRC generated $8.7 billion in trading volume during June, while Strive’s SATA added another $1.5 billion. The record activity came as Bitcoin briefly dropped to around $57,000.
Record Trading Activity During Market Turbulence
BTN’s latest corporate adoption report revealed that STRC’s June trading volume increased 20.8% from May’s $7.2 billion and rose 11.5% compared with April’s $7.8 billion. Trading activity was also more than 52% higher than March, highlighting growing investor participation after a relatively quiet start to the year.
Earlier in 2026, STRC recorded $2.4 billion in January, $2.2 billion in February, and then surged 159.1% in March before maintaining elevated volumes through the second quarter.
According to BTN, June marked the first major stress test for Bitcoin backed digital credit products after both STRC and SATA fell well below their $100 par value beginning on June 18.
The report said margin calls forced leveraged investors to liquidate positions after both securities had traded close to par for an extended period.
Following Bitcoin’s recovery from below $60,000, STRC rebounded from a low of $75 to around $87 by July 2, while SATA recovered to approximately $97.
Investors Remained Confident
Despite heightened volatility, BTN’s survey found that investor confidence remained resilient.
More than half of respondents said the decline in price was not a major concern. Around 84% reported holding onto their STRC and SATA positions throughout the selloff, while 52% said they purchased one or both securities after June 18.
BTN argued that concerns over the safety of the preferred shares may be misplaced, noting that Strategy currently holds 847,363 BTC acquired at an average cost of roughly $75,651. According to the report, the primary issue is whether cash flow can support dividend payments rather than the company’s overall solvency.
The report also highlighted that none of the issuers missed dividend payments during the period, and there were no changes to their credit quality following the June market decline.
Strategy Leads Investor Confidence
BTN’s survey also examined which companies investors believe are best positioned to issue additional digital credit products over the coming years.
Strategy ranked first by a wide margin, with most respondents expecting the company to issue between $10 billion and $30 billion in new digital credit products by the end of 2027.
Strive placed second, with investors projecting an additional $2 billion to $5 billion in issuance. Metaplanet, Smarter Web Company, and Bitmine followed in the rankings.
When asked which issuers appeared most attractive, 78.4% of respondents selected Strategy as their top choice. Strive ranked second with support from 74.5% of participants, while Metaplanet secured third place with 49% backing.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
