Back

Strategy’s STRC Records Largest Single-Day Issuance as Firm Buys About 1,420 Bitcoin

Strategy’s record STRC issuance raised $300 million in a single day, supporting the purchase of roughly 1,420 BTC and reflecting the company’s ongoing aggressive digital asset accumulation strategy.

BTC

Summary

Strategy (MSTR) completed its largest single-day issuance of the perpetual preferred equity instrument STRC, generating approximately $300 million in trading volume—more than double the 30-day average of $124 million. The proceeds were used to purchase an estimated 1,420 BTC. STRC pays monthly cash dividends, recently raised to 11.5%, and functions as a funding mechanism for Strategy’s Bitcoin acquisition program. The company also amended its Omnibus Sales Agreement via an 8-K filing, allowing multiple agents to sell STRC in pre-market or after-hours sessions. This follows a prior week purchase of about $1.3 billion in Bitcoin, bringing the firm’s total holdings to nearly 18,000 BTC.

Terms & Concepts
  • STRC: Strategy’s perpetual preferred equity instrument used to raise capital for its Bitcoin accumulation strategy while paying investors monthly dividend distributions.
  • BTC (Bitcoin): The native cryptocurrency of the Bitcoin network, widely used as a decentralized digital asset and store of value.
  • Perpetual preferred equity: A type of preferred security with no maturity date that typically pays fixed dividends and ranks above common stock in payout priority.