Strategy’s (formerly MicroStrategy) Series A Perpetual Stretch Preferred Stock, known as Stretch (STRC), reached a new milestone on Thursday after recording an all-time high trading volume of $1.53 billion.
Executive Chairman Michael Saylor highlighted the surge in liquidity in a post on X.
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MicroStrategy’s STRC Stock Sets New Daily Volume Record
The latest figure surpassed STRC’s previous daily trading record of $1.1 billion set on April 13, highlighting growing investor activity around the preferred stock.
STRC has become a central part of Strategy’s efforts to fund Bitcoin (BTC) purchases. The preferred stock offers a 11.5% dividend, unchanged since March.
Last month, BeInCrypto reported that STRC-linked acquisitions totaled roughly 77,000 BTC through late April, roughly 10 times the net purchases by all US spot Bitcoin ETFs combined.
As investor demand for the product grows, Strategy has also moved to adjust its payout structure. The company recently proposed shifting STRC dividend payments from a monthly to a semi-monthly distribution schedule.
Notably, Strive has also made changes to its competing instrument. The Variable Rate Series A Perpetual Preferred Stock (SATA) will shift to daily payments on June 16.
Still, Strategy’s financing model continues to face scrutiny. Bitcoin skeptic and economist Peter Schiff has criticized STRC, describing it as a Ponzi scheme.
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The post MicroStrategy’s STRC Notches $1.53 Billion in Daily Volume for New Record appeared first on BeInCrypto.
