Strategy STRC Trading Volume Jumps to Record as Company Funds 11,707 Bitcoin Purchase

Strategy’s preferred stock, STRC, saw record trading activity on Thursday, with daily volume reaching $1.53 billion, the highest level since the stock launched. The jump came just before the ex-dividend date, when investors rushed to buy shares to qualify for the upcoming dividend payment.

Trading volume was more than four times higher than STRC’s 30-day daily average of around $331 million. Most shares traded at or above the stock’s $100 par value, showing strong demand from investors.

STRC currently offers an 11.5% annual dividend, which is paid monthly in cash. Dividend paying stocks often attract more buying interest before the ex-dividend date because shareholders must own the stock before that date to receive the next payout.

Strategy Uses STRC Program to Expand Bitcoin Holdings

According to BitcoinQuant market data , the heavy trading activity helped Strategy fund the purchase of about 11,707 Bitcoin through its at-the-market (ATM) program. This program allows the company to sell newly issued shares and raise money for additional Bitcoin purchases.

Strategy, known as the world’s largest public corporate holder of Bitcoin, has continued adding to its holdings despite price swings in the crypto market.

STRC and MSTR Shares Move Lower

Friday marked STRC’s ex-dividend date, meaning new buyers were no longer eligible for the upcoming dividend payment. As a result, STRC fell nearly 1% in pre-market trading to $99.12, a common move after stocks begin trading without dividend rights.

At the same time, Bitcoin slipped to around $80,500, while Strategy’s common stock, MSTR, dropped about 2% in pre market trading according to Blockto market data.