The largest publicly traded holder of Bitcoin, Strategy, has added another substantial amount of the cryptocurrency to its reserves. The company recently purchased around 1,000 Bitcoin after issuing more of its perpetual preferred equity stock known as Stretch (STRC).
According to data from STRC.live, the trading volume for STRC on Tuesday was $198.7 million, which was much higher than its 30-day average of $123.3 million.
Most of the trading happened above the stock’s $100 par value, which allows Strategy to issue more shares through its at-the-market (ATM) program. The company can sell shares and use the proceeds to buy Bitcoin when STRC trades above this level.
The purchase follows the accumulation of an additional 763 BTC on Monday, bringing the two-day total to about 1,762 BTC.
Strategy has placed STRC as a short-term, high-yield investment product that pays monthly dividends. The company recently increased its dividend rate to 11.5%, marking the seventh increase since the stock launched in July 2025.
Meanwhile, Strategy’s common stock also reacted positively to the news. Shares rose more than 7% in pre-market trading, reaching around $142, as Bitcoin climbed above $71,000 for the first time in about a month.
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