Strategy now holds 818,869 Bitcoin, worth roughly $66 billion at current prices, making it the largest corporate Bitcoin reserve in the world. The instrument fueling its buying just broke a record.
Its Variable Rate Series A Perpetual Stretch Preferred Stock, STRC, recorded $1.53 billion in trading volume on Thursday - the highest single-day figure ever. Chairman Michael Saylor announced the milestone, calling it an all-time high in liquidity.
Stretch pays investors an 11.5% dividend without touching common shares, avoiding dilution while raising capital. Thursday's volume could allow Strategy to raise an estimated $735 million, enough to acquire around 9,066 Bitcoin.
BTCUSD now trades at $80,471.
Strategy has bought 56,770 Bitcoin since April and more than 101,000 since March. Bitcoin's recent rally to around $81,000 pushed above Strategy's average purchase price of $75,543, putting its holdings up 7%.
During a first-quarter earnings call on May 5, Saylor said he wants Stretch to become the largest credit instrument in the world. Reports indicate the company posted a $1.25 billion net loss in Q1, though the situation has shifted with the price recovery.
Nearly 200 public companies now hold Bitcoin on their balance sheets. Strategy remains far ahead with 818,869 coins, and shows no signs of slowing accumulation.