Michael Saylor’s Strategy is leveraging its STRC preferred stock as a funding mechanism for Bitcoin accumulation. Recent surges in STRC trading activity could generate approximately $302 million in proceeds.
Strategy, which holds the largest Bitcoin reserves among public companies at over $50 billion, launched STRC in July 2025. This income-focused preferred stock initially raised $2.52 billion to fund Bitcoin purchases. An subsequent at-the-market program allows for gradual share sales.
The STRC mechanism incentivizes trading near its $100 target by offering a variable monthly yield. For March 2026, the annualized yield is 11.50%.
In January, Strategy utilized $119.1 million in STRC proceeds, alongside MSTR sales, to buy 13,627 BTC. February saw $78.4 million in STRC funds used for an additional 2,486 BTC.
This week's STRC trading volume, estimated at $777 million with a significant portion above par, suggests potential net proceeds around $302 million. This could facilitate the purchase of roughly 4,300 Bitcoin at current market prices. Friday alone saw $188 million in STRC trading, potentially funding about 1,097 BTC.
While speculative, Strategy's next SEC filing on March 9 will clarify the impact of this trading surge on its Bitcoin acquisition strategy.