On March 12, Strategy\u2019s STRC preferred stock program set a single-day record, generating enough capital to fund the purchase of 4,000 BTC.<\/p>\n
According to data from BitcoinTreasuries, the week\u2019s total was already enough to buy more than 10,000 BTC, a pace that is drawing the attention of investors who are watching how aggressively the world\u2019s largest corporate Bitcoin holder is building its treasury.<\/p>\n
In a post on X, BitcoinTreasuries revealed<\/a> that there were about 7.3 million shares traded during the March 12 session, a figure 471% higher than the stock\u2019s average daily volume.<\/p>\n The platform uses a model that analyzes 1-minute STRC candles during the entire trading day, including pre-market and after-hours sessions. For any bar that closed at or above $99.92, considering STRC\u2019s $100 par value, the model attributed 40% of the volume to at-the-market (ATM) issuance. It then subtracted a 2.5% underwriter commission and divided the net proceeds by the session-average Bitcoin price to get an estimated BTC total.<\/p>\n March 12th\u2019s 7.3 million share volume yielded just over $283 million in net proceeds using the formula, and when divided by Bitcoin\u2019s average price near $70,000, it was found that the money could buy 4,000 BTC, which was a first in the program\u2019s history.<\/p>\n The amount of trading reached an estimated $743 million, exciting observers enough that one of them, Mark Harvey, suggested<\/a> that the day could become STRC\u2019s first $1 billion trading day, given that at the time there were still two hours left before the market closed.<\/p>\n STRC pays a variable monthly dividend currently annualized at 11.5%, and it has built-in rate adjustments designed to keep the stock trading near par. The instrument channels investor capital directly into Bitcoin purchases while providing a yield-focused product that tends to move less than Strategy\u2019s common MSTR stock.<\/p>\n Essentially, the fixed dividend remains perpetual with no principal repayment required, unlike debt. Harvey recently gave<\/a> an example of how it works, using a hypothetical scenario where the company issues $100,000 of STRC at the stated 11.5% yield to buy BTC.<\/p>\n According to him, it would create a yearly dividend obligation of $11,500, which would be fixed, meaning that even if BTC\u2019s value were to shoot up 10 times in five years, Strategy\u2019s dividend obligation would be just $57,500, while its BTC holding grows by $1,000,000, delivering a net $842,500 gain to shareholders.<\/p>\n As of its most recent filing dated March 9, Strategy held 738,731 BTC, boosted by recent purchases, including\u00a03,015 BTC bought<\/a> on March 2 and a bigger announcement<\/a> of 17,994 BTC on March 9 acquired for $1.28 billion.<\/p>\n At current prices, the stash is valued at about $53.1 billion, with the company having acquired it for just over $56 billion.<\/p>\n The post Strategy STRC Offering Hits Record High in Single Day<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" On March 12, Strategy\u2019s STRC preferred stock program set a single-day record, generating enough capital to fund the purchase of 4,000 BTC. According to data from BitcoinTreasuries, the week\u2019s total was already enough to buy more than 10,000 BTC, a pace that is drawing the attention of investors who are watching how aggressively the world\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":142060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-142059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/142059"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=142059"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/142059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/142060"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=142059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=142059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=142059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Stock Structure Draws Attention<\/h2>\n