Strategy's STRC Achieves Record Trading Volume Amid Bitcoin Surge
Strategy's STRC sees record-breaking trading day, may surpass that on Tuesday
Coindesk
Image: Coindesk
Strategy's preferred stock, STRC, experienced a record trading day with $1.16 billion in volume and 7,800 BTC purchased, marking its largest single-day addition since launch. The stock's market cap now stands at $6.4 billion, exceeding that of its other preferred securities. Further trading on Tuesday could surpass this record as it approaches the ex-dividend date.
- 01STRC recorded a trading volume of $1.16 billion, significantly higher than its 30-day average of $278 million.
- 02The stock's market capitalization reached $6.4 billion, surpassing the combined value of other preferred securities STRD, STRK, and STRF.
- 03An estimated 7,800 BTC were purchased through STRC's at-the-market program, marking a significant increase in holdings.
- 04The common stock of Strategy rose by 2.9% on Monday and continued to rise in pre-market trading.
- 05Tuesday's trading volume may exceed Monday's record as it approaches the ex-dividend date.
Advertisement
In-Article Ad
Strategy's preferred stock, STRC, achieved a record-breaking trading volume of $1.16 billion on Monday, significantly exceeding its 30-day average of $278 million. This surge was driven by the purchase of an estimated 7,800 BTC, marking the largest single-day addition since the stock's debut. STRC's market capitalization has now reached $6.4 billion, surpassing the combined market caps of its other preferred securities: STRD at $1.1 billion, STRK at $1 billion, and STRF at $1.2 billion. The stock maintained a consistent $100 par value throughout the trading session. Historically, trading volumes tend to peak on the day preceding the ex-dividend date, which is Wednesday, suggesting that Tuesday could see even higher trading activity. Additionally, Bitcoin's price has surged to four-week highs above $74,000, with significant technical levels approaching that could lead to increased volatility.
Advertisement
In-Article Ad
Advertisement
In-Article Ad
Reader Poll
Do you think the surge in STRC's trading volume will continue?
Connecting to poll...
More about Strategy
Read the original article
Visit the source for the complete story.