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

According to Michael Saylor and BitcoinQuant, record STRC trading volume drew attention to Strategy’s preferred-stock financing approach and may have helped fund additional Bitcoin purchases, though estimates of the amount acquired differ.

BTC

Fact Check
The 13,491 BTC figure is reported by Bitcoin Magazine (x.com/BitcoinMagazine/status/2055017396641972257) and corroborated by BitcoinArchive (x.com/BitcoinArchive/status/2055016182768398705) on May 14, 2026, with the linked Bitcoin Magazine article explicitly stating the purchase was made via STRC and equates to ~30x daily mined supply. STRC is confirmed as a legitimate Strategy capital instrument per Strategy's official STRC page and Q1 2026 press release. The claim is internally consistent: Strategy held 818,334 BTC as of May 5, 2026 and was actively using STRC to fund purchases. However, the figure is explicitly described as an 'estimate' in the source posts — no official SEC 8-K or Strategy press release confirming exactly 13,491 BTC was found in this run. The 30x daily issuance framing (~450 BTC/day mined) is mathematically consistent with the 13,491 figure. Confidence is medium pending official filing confirmation.
Summary

Strategy’s STRC perpetual preferred stock recorded a new trading-volume high, highlighting the company’s use of structured equity financing to support its Bitcoin treasury strategy. New reporting says STRC saw $1.53 billion in single-day trading volume, and BitcoinQuant estimated the surge helped fund the purchase of about 11,707 Bitcoin through the ATM issuance program, with activity boosted by dividend-capture trading ahead of the ex-dividend date and an 11.5% annualized dividend. This differs from an earlier estimate that Strategy bought about 13,491 BTC, so the amount remains unconfirmed in the provided material.

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.