Binance has added spot trading for Strategy's STRC perpetual preferred stock on its Binance Stocks platform, according to an official announcement on July 6. The listing allows users to trade the security through the exchange's stock platform, expanding Binance's lineup of tokenized stock offerings following the recent launch of perpetual futures tied to the same security.
The exchange noted that fully paid securities lending (FPSL) will become available once stock trades are fully settled. Binance stated the addition aims to offer users more trading choices on Binance Stocks. Alongside STRC, the platform also listed multiple other stocks including Adapti Inc. (ADTI), Antalpha Platform Holding Co. (ANTA), Astronics Corp Class B (ATROB), Cerebras Systems (CBRS), Tema Memory ETF (DISK), Tuttle Capital Pure Play Photonics ETF (FOTO), PLUS Korea Defense Industry Index ETF (KDEF), Kurv Memory Select ETF (KMEM), and Quantinuum Inc. (QNT).
Strategy Continues Raising Capital for Its Bitcoin Treasury
The listing comes as Strategy continues using its preferred securities to finance its Bitcoin acquisition strategy. According to a Strategy press release on July 6, the company sold 3,588 Bitcoin for $216 million to fund dividend payments tied to its Digital Credit securities, rather than reducing its long-term Bitcoin exposure. Executive Chairman Michael Saylor stated on X that Strategy now holds 843,775 BTC alongside $2.55 billion in U.S. dollar reserves following the transaction. The company described the sale as part of its funding plan for dividend obligations linked to its credit products.
Earlier this year, Strategy also sold 32 BTC to support preferred stock distributions. That transaction was relatively small but attracted attention given the company's consistent long-term Bitcoin accumulation strategy. The latest sale is considerably larger, making it closely watched by market participants as Strategy holds the position of the world's largest publicly traded corporate Bitcoin holder.
STRC and MSTR Extend Gains Before the Opening Bell
Trading activity has remained positive for Strategy's securities despite the recent Bitcoin sale. STRC closed 0.47% higher at $87.87 in the previous session after climbing nearly 22% last week. Premarket data on Monday showed the preferred stock rising almost 2% to $89.57, although it continued trading below its $100 par value. The recent strength follows Strategy's decision to raise its USD reserve balance to $2.55 billion, announce a buyback program for MSTR shares, and increase the annual dividend on STRC to 12%.
Meanwhile, MSTR shares gained more than 3% in premarket trading to $104.35 after advancing 21% over the previous week. In the crypto market, Bitcoin gave back part of its earlier rally as traders booked profits following the recent rebound. The cryptocurrency was trading near $62,900 at the time of the report, while 24-hour trading volume had increased by 23%, indicating higher market activity as investors monitored both Strategy's capital actions and the company's continued use of preferred securities to fund its Bitcoin treasury.