Strategy’s STRC perpetual preferred stock reached a record daily trading volume of 1.1 billion dollars on April 13.
This represents a 46.5 percent increase compared to its previous single day high and is more than four times its 300 day average of roughly 274 million dollars.
At the same time, STRC now makes up about 90 percent of Strategy’s overall MSTR daily trading activity, a major jump from around 10 percent five months ago.
How a 100 Dollar Stock Moves Billions
Even though the share price moved by just one cent, total trading activity reached 1.156 billion dollars. This contrast between extreme liquidity and minimal price movement highlights the structure of the instrument.
STRC, formally known as Variable Rate Series A Perpetual Stretch Preferred Stock and listed on Nasdaq, pays an annual dividend of 11.5 percent distributed monthly in cash. The dividend rate adjusts each month to keep the stock price close to its 100 dollar par value. It has risen from 9 percent at launch in July 2025 and has remained at 11.5 percent since April after several consecutive increases.
The stock has no maturity date and does not require Strategy to repay principal. Instead, the company continues paying dividends while issuing new shares when the stock trades at or above par, using the proceeds to buy Bitcoin.
This structure explains the surge in activity on Monday. Based on estimates from four trackers cited by analyst Mark Harvey, the at the market program may have funded purchases of about 9,894 Bitcoin, with estimates ranging between 6,100 and 12,500 Bitcoin.
This followed a separate announcement that Strategy had already acquired 13,927 Bitcoin worth about 1 billion dollars at an average price near 72,000 dollars. The company’s total holdings now stand at 780,897 Bitcoin, acquired for approximately 59 billion dollars.
Long Term Bitcoin Strategy and Capital Efficiency
Analyst Adam Livingston calculated that the 11.5 percent annual dividend implies about 98 million dollars in yearly obligations. Over ten years, that would total less than 1 billion dollars.
If Bitcoin grows at an average rate of 25 percent per year over the same period, the Bitcoin acquired through this structure could be worth around 8 billion dollars. That would leave a theoretical gain of roughly 7 billion dollars after dividend payments, assuming rates remain unchanged.
Livingston described the mechanism as a system that converts access to capital markets into long duration Bitcoin exposure while the fixed obligations become smaller relative to the asset over time.
STRC Trading Activity Compared to Major Tech Stocks
STRC’s trading activity has also stood out when compared to large technology companies. Its 30 day average trading volume is equal to 4.8 percent of its market capitalization, according to data shared by Strategy President Phong Le.
For comparison, Tesla stands at 1.8 percent, Meta and Nvidia at 0.7 percent, and Apple at 0.3 percent. This places STRC ahead of major tech stocks in terms of relative liquidity despite being a preferred stock with no voting rights and a fixed par value of 100 dollars.
Livingston also noted that STRC now accounts for about 90 percent of Strategy’s daily trading volume, compared to just 10 percent five months ago.
Meanwhile, Bitcoin itself has been rising, climbing toward 75,000 dollars, its highest level since mid March. This move followed reports of potential easing tensions between the United States and Iran, which added roughly 100 billion dollars to the overall crypto market value.
The strength of Bitcoin is important for STRC investors because Strategy’s ability to consistently meet dividend payments without issuing additional MSTR shares depends on Bitcoin appreciating faster than its internal 2 percent breakeven annual rate, a metric closely tracked by Executive Chairman Michael Saylor.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic
