Strategy, Bitcoin buy button 'ON'... $1.53 billion storm trade in one day

▲ Strategy (MSTR), Bitcoin (BTC) / ChatGPT generated image

STRC, the key funding vehicle supporting Strategy's (Bitcoin, BTC) purchases, recorded a daily trading volume of $1.53 billion, reaching its highest-ever liquidity.

According to NewsBTC on May 15 (local time), Strategy currently holds 818,869 BTC, valued at approximately $66 billion at current prices. This is the largest Bitcoin holding among companies worldwide. Strategy's Bitcoin holdings continue to grow, and its preferred stock product, which has supplied major purchase funds, has set a new trading record.

Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) recorded a daily trading volume of $1.53 billion on Thursday. This marks STRC's largest single trading day volume ever. Chairman Michael Saylor announced on social media, “All-time high volume. $1.53 billion in liquidity. 2 cents of volatility. Closed at par.”

STRC has become a key means for Strategy to raise funds for Bitcoin purchases this year. As senior convertible bonds and at-the-market equity offerings have both become difficult over the past year, Strategy has utilized preferred stock as its primary capital raising channel. STRC is structured to pay investors an 11.5% dividend without affecting common stock. This method attracts new capital while avoiding dilution of existing shareholders' equity.

According to STRC.live tracking data, Thursday's trading flow is estimated to have created an opportunity for Strategy to raise approximately $735 million. This amount could theoretically purchase an additional 9,066 BTC. NewsBTC reported that it is not yet clear whether Strategy will actually use these funds for Bitcoin purchases.

Strategy's pace of purchases has also accelerated again. The company acquired 56,770 BTC since April and added over 101,000 BTC since March. This marks a re-acceleration of purchase flows after a slowdown in February. With the recent Bitcoin rebound, the price has exceeded Strategy's average purchase price of $75,543, and the company's holdings are now in a 7% profit zone. Saylor stated at the Q1 earnings announcement on May 5 that he wants to make STRC the world's largest credit product. Strategy reportedly recorded a net loss of $1.25 billion in Q1, a period of Bitcoin decline.

The Bitcoin purchase structure utilizing preferred stock is not exclusive to Strategy. Strive announced that it would pay daily dividends to its SATA preferred stock holders starting June 16, and Tokyo-based Metaplanet also raised funds for Bitcoin purchases through preferred stock products named MARS and MERCURY. Currently, about 200 listed companies hold Bitcoin on their balance sheets, but Strategy significantly leads other companies with its 818,869 BTC holdings. Preferred stock has now become a key driving force behind Strategy's Bitcoin accumulation.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*