Strategy’s record trading volume could fund the acquisition of 9,066 BTC, accelerating its accumulation amid market challenges.
Strategy’s STRC trading volume reached a record $1.5 billion, potentially enabling the company to raise $735.4 million for Bitcoin purchases. This would add 9,066 BTC to its holdings, though no purchase is guaranteed.
The firm has accelerated Bitcoin accumulation, buying 56,770 BTC since April and 101,147 BTC since March. Perpetual preferred stocks have become a key tool for Bitcoin treasuries, especially as traditional fundraising methods face hurdles in the current bear market.
Competitors like Strive and Metaplanet are adopting similar strategies, with Strive offering daily dividends on its preferred stock starting June 16. Strategy aims to expand its credit instrument, Stretch, into a leading global tool for Bitcoin accumulation.