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Strategy’s STRC perpetual preferred stock hits record trading volume amid Bitcoin financing push

According to Michael Saylor and BitcoinQuant, STRC’s record trading volume highlighted Strategy’s preferred-stock financing model and may have supported Bitcoin accumulation, though reported purchase estimates range from 17 BTC to about 11,707 or 13,491 BTC.

BTC

Fact Check
The core claim that STRC hit record trading volume is strongly supported by crypto.news, the Odaily source, CoinDesk (via search snippets and X post links), and multiple social media sources, all confirming a $1.53B single-day volume record on May 15, 2026. The claim that this supported Bitcoin accumulation is also well-supported. The range of BTC purchase estimates (11,707 to 13,491) reflects genuine uncertainty: the 11,707 figure comes from CoinDesk and BitcoinQuant/Odaily as the reported purchase amount, while 13,491 comes from a STRC ATM tracker cited by Bitcoin Magazine, which CryptoThreadsX notes may be a 4-day cumulative estimate rather than a single-day figure. The '17 BTC' figure in the claim description appears to be unrelated to Strategy (likely from a small holder listing on bitcointreasuries.net) and does not undermine the core claim. The claim accurately describes the situation as estimates ranging across these figures. The main uncertainty is that the exact BTC purchase amount is based on tracker estimates rather than a confirmed SEC filing, which is a standard caveat for real-time Strategy purchase reporting.
Summary

Strategy’s STRC has moved into active Bitcoin accumulation while its perpetual preferred stock posted record trading volume, underscoring the company’s use of structured equity financing to support its Bitcoin treasury strategy. Earlier reporting said STRC had raised enough capital for an initial purchase of 17 BTC. Newer reporting says STRC recorded $1.53 billion in single-day trading volume and, according to BitcoinQuant, may have helped fund the purchase of about 11,707 BTC through the ATM issuance program. Earlier estimates also cited about 13,491 BTC, creating a discrepancy in the reported amount acquired. The provided material does not include a company confirmation of the final Bitcoin purchased, purchase prices, average cost, custody details, or full execution terms.

Terms & Concepts
  • Perpetual preferred stock: A preferred share with no maturity date, typically offering priority over common stock for dividends and claims but usually limited voting rights.
  • ATM issuance program: An at-the-market share issuance program that allows securities to be sold into the open market over time to raise capital.
  • Bitcoin treasury strategy: A corporate approach in which a company holds Bitcoin on its balance sheet and may raise capital through debt or equity to increase those holdings.