Gate News message, April 14 — Strategy Inc.'s perpetual preferred stock STRC recorded approximately $1.1 billion in trading volume in a single day recently, drawing renewed market attention as the company continues its Bitcoin acquisition program. MSTR stock traded at $138.80, up 4.86% on the day.
Michael Saylor stated on X that STRC exhibited approximately 1.7% volatility, a Sharpe ratio (a risk-adjusted return metric) of 4.49, and about $278 million in daily liquidity, describing the instrument as having money market-like stability. In a separate post, he added that “STRC volatility is in the money market range. Everything else isn’t.”
Strategy recently disclosed it purchased 13,927 BTC for approximately $1 billion, funded through the sale of over 10 million STRC shares, lifting total Bitcoin holdings to 780,897 BTC. STRC has become central to the company’s at-the-market (ATM) financing program, a stock issuance method that raises capital for Bitcoin purchases.
STRC is part of Strategy’s “42/42” plan, which targets $84 billion in capital through 2027 for additional Bitcoin acquisitions. Analyst estimates suggest the recent STRC trading volume could correspond to demand for approximately 7,130 BTC, though actual purchases depend on issuance timing and pricing. Lyn Alden noted earlier this week that STRC had grown larger than all of Strategy’s other preferred securities combined.
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