Strategy, the largest publicly traded holder of Bitcoin, has bought an estimated 1,420 BTC after issuing a record amount of its preferred stock called STRC, also known as “Stretch”.
Data from STRC.live shows that trading activity in the stock reached almost $300 million on Monday. This is much higher than its 30-day average trading volume of about $124 million. The money raised from selling these shares is mainly used by the company to buy more Bitcoin as part of its long-term strategy.
Experts estimated the Bitcoin purchase by studying the company’s at-the-market share sales. Their method assumes that about 40% of trading volume above $100 represents new shares being issued. After deducting a broker fee of around 2.5%, they calculate how much Bitcoin the company may have bought.
The purchase comes shortly after Strategy made another major buy. Last week, the company purchased nearly 18,000 BTC worth about $1.3 billion.
STRC was launched in July 2025 and is designed to work like a short-term, high-yield savings product. The stock pays monthly cash dividends and currently offers a dividend rate of about 11.5%. The company adjusts the rate regularly to keep the share price close to its $100 target.
Strategy has also updated its sales agreement to allow multiple agents to sell the same securities on the same trading day, including during pre-market and after-hours trading. This change is expected to make the process of raising funds faster and more flexible.
You need to login in order to Like
Leave a comment