Strategy (MSTR) sold more of its perpetual preferred stock Stretch (STRC) on Tuesday, buying about 1,000 Bitcoins This was the largest single-day gain since the instrument began trading in July 2025, according to data from STRC.live.
Strategy is the largest publicly traded holder of Bitcoin, and earnings related to STRC trading activity support its Bitcoin accumulation strategy. Total trading volume during Tuesday’s session was $198.7 million, compared with a 30-day average of $123.3 million, according to the company’s dashboard.
Approximately $177 million of the total transaction value is above STRC’s par value of $100, a level at which Strategy can initiate plans for an ATM offering of its shares.
Tuesday’s purchases follow an estimated accumulation of approximately 763 BTC on Monday related to STRC activity, bringing the two-day total to approximately 1,762 BTC.
These estimates are based on an approximation of Bitcoin purchases from ATM sales. It assumes that 40% of volume above the $100 threshold represents ATM issuance, deducting a 2.5% broker commission before calculating the implied Bitcoin purchase volume.
Strategy describes STRCs as similar to short-term high-yield savings vehicles. The company recently raised STRC’s dividend yield to 11.5%, its seventh dividend increase since the product’s launch.
STRC pays monthly cash distributions. The dividend rate adjusts monthly to keep the stock trading close to $100 par value while limiting price fluctuations.
Strategy common stock rose more than 7% in premarket trading to about $142 per share, as Bitcoin rose above $71,000 for the first time in a month.
