Strategy’s trading activity in its perpetual preferred equity stock Stretch (STRC) on Tuesday implied a purchase of about 1,000 BTC, according to data from STRC.live. The move was the largest one-day increase for the instrument since it started trading in July 2025.
Volume jumped well above the 30-day average
Company dashboard data showed total STRC trading volume reached $198.7 million on Tuesday, above the 30-day average of $123.3 million. Of that amount, roughly $177 million traded above STRC’s $100 par value, the threshold that allows Strategy to activate its at-the-market, or ATM, issuance program for the stock.
That matters because proceeds connected to STRC trading activity are used to support the company’s bitcoin accumulation plan. Strategy remains the largest publicly traded holder of bitcoin.
Two-day implied total reached about 1,762 BTC
The Tuesday estimate followed an earlier implied accumulation of about 763 BTC tied to STRC activity on Monday. On that basis, the two-day total came to roughly 1,762 BTC.
These figures are estimates rather than direct disclosures of spot purchases. The methodology assumes that 40% of trading volume above the $100 threshold represents ATM issuance, then subtracts a 2.5% broker commission before calculating the implied bitcoin purchases.
Dividend rate lifted again
Strategy has described STRC as a short-duration, high-yield savings-style instrument. The company recently raised the STRC dividend rate to 11.5%, marking the seventh dividend increase since the product launched.
STRC makes monthly cash distributions. The dividend rate is reset each month with the aim of keeping the shares trading close to their $100 par value while limiting price swings.
Bitcoin moved back above $71,000
In the market, bitcoin traded above $71,000 for the first time in a month. Strategy’s common stock also advanced more than 7% in pre-market trading, reaching about $142 per share.