Strategy, Bitcoin Buy Button 'ON'...$1.53 Billion Stormy Trading in One Day

▲ Strategy (MSTR), Bitcoin (BTC)/ChatGPT generated image

STRC, the core financing instrument supporting Strategy's Bitcoin (BTC) purchases, recorded a daily trading volume of $1.53 billion, marking its highest-ever liquidity.

According to NewsBTC on May 15 (local time), Strategy currently holds 818,869 BTC, valued at approximately $66 billion at current prices. This makes it the largest Bitcoin holder among companies worldwide. Strategy's Bitcoin holdings continue to grow, and the preferred stock product that has supplied the main purchase funds has now set a new trading record.

Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) recorded a daily trading volume of $1.53 billion on Thursday. This is the largest single trading day volume ever recorded by STRC. Chairman Michael Saylor announced on social media, “All-time high volume. $1.53 billion in liquidity. 2 cents volatility. Closed at par.”

STRC has become a key means for Strategy to finance Bitcoin purchases this year. As both senior convertible bonds and at-the-market equity offerings have become difficult over the past year, Strategy has been utilizing preferred stock as its primary capital raising channel. STRC is structured to pay investors an 11.5% dividend without touching common stock. This method attracts new capital while avoiding dilution of existing shareholders.

According to STRC.live tracking data, Thursday's trading flow is estimated to have created room for Strategy to raise approximately $735 million. This amount could theoretically purchase an additional 9,066 BTC. NewsBTC reported that it is not yet clear whether Strategy will actually use these funds for Bitcoin purchases.

Strategy's pace of purchases has also accelerated again. The company has acquired 56,770 BTC since April and added over 101,000 BTC since March. This marks a re-acceleration of purchase flows after a slowdown in February. With the recent Bitcoin rebound, the price has surpassed Strategy's average purchase price of $75,543, and the company's holdings are now in a 7% profit range. Saylor stated at the Q1 earnings announcement on May 5 that he wants to make STRC the world's largest credit product. Strategy reportedly recorded a net loss of $1.25 billion in the first quarter when Bitcoin was in a downward trend.

The Bitcoin purchase structure using preferred stock is not limited to Strategy's strategy alone. Strive announced that it would pay daily dividends to its preferred stock SATA holders starting June 16, and Tokyo-based Metaplanet also raised funds for Bitcoin purchases through preferred stock products called MARS and MERCURY. Currently, there are about 200 listed companies holding Bitcoin on their balance sheets, but Strategy significantly outpaces other companies with its 818,869 BTC holdings. Preferred stock has now become a key driver of Strategy's Bitcoin accumulation.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*