Strategy (MSTR), the largest publicly traded Bitcoin holder On Monday, the company sold a record amount of perpetual preferred stock Stretch (STRC) and used the proceeds to purchase approximately 1,420 Bitcoins, according to data from STRC.live.
STRC launches in July 2025, with proceeds supporting the company’s Bitcoin accumulation strategy. According to the company’s dashboard, total trading volume during Monday’s session was nearly $300 million, compared with a 30-day average of $124 million.
This estimate is based on a method of extrapolating purchases from market (ATM) sales. The methodology assumes 40% of volume above $100 is ATM issuance, deducting a 2.5% brokerage commission before calculating the implied Bitcoin purchase volume.
Last week, Strategy purchased approximately $1.3 billion worth of BTC, or nearly 18,000 Bitcoins.
Strategy describes STRCs as similar to short-term high-yield savings vehicles. The company recently increased STRC’s dividend yield to 11.5%. The stock pays monthly cash distributions. The dividend rate adjusts monthly to keep the stock trading close to $100 par value while limiting price fluctuations.
In an 8K filing on Monday, Strategy amended its omnibus sales agreement to allow multiple agents to sell the same class of securities in a single trading day during the pre-market or after-market hours. This change enables more agents to handle early or late transactions while still allowing bulk sales after 4pm ET.
Strategy shares rose about 3% in premarket trading to about $143 a share.