MicroStrategy STRC Volume Hits $1.1B After $1B Bitcoin Buy

On Monday MicroStrategy’s STRC preferred stock recorded $1.1 billion in daily trading volume, a new high for the instrument and a 46.5% increase from its previous peak. The company confirmed the volume surge and disclosed a contemporaneous $1 billion Bitcoin acquisition that raised its holdings to 780.897 BTC.

Market participants noted the timing and size of the trades in relation to MicroStrategy’s Bitcoin purchase. Matthew Sigel, head of digital assets research at VanEck, linked the volume spike to a large Bitcoin purchase. MicroStrategy CEO Michael Saylor posted: “$1.156B of liquidity. One penny of volatility. Closed at par. $STRC.”

Analysts produced differing estimates of how much Bitcoin may have been acquired through STRC-related flows. Taiki Maeda estimated roughly $600 million to $700 million of Bitcoin purchases could have come via STRC that day and wrote that the amount could exceed $1 billion if volume continued into the next session. One analyst noted STRC trading reached about 66% of the daily volume in MicroStrategy’s ordinary shares at one point.

A separate projection based on recent month-over-month trading patterns said STRC could handle about 12.8 million shares in a similar uptick, which would imply more than $1 billion in volume. Other calculations suggested STRC-linked flows could correspond to several hundred million dollars in Bitcoin buying if certain trading relationships with the company’s main stock held.

The trading session featured a high reported liquidity figure and minimal intraday price movement. The extent to which STRC flows represent direct on-chain Bitcoin purchases versus broader portfolio or derivatives positioning was not confirmed in public filings. MicroStrategy’s disclosure of a $1 billion Bitcoin purchase provides a direct link to increased Bitcoin exposure, but public equity data alone does not allow full attribution of STRC trading to specific on-chain acquisitions.

The spike highlights attention on structured and preferred securities tied to MicroStrategy as channels for capital flows into Bitcoin. Whether STRC trading remains at elevated levels will depend on activity in upcoming sessions and any further disclosures from the company.