TL;DR:
- Strategy recorded a record volume of $1.1 billion in its STRC preferred stock, nearly 47% above its previous all-time high.
- The company acquired 13,927 BTC for approximately $1 billion, funded in part through the sale of more than 10 million STRC shares.
- According to strategist Lyn Alden, STRC now exceeds in size the combined total of all other Strategy preferred shares.
Strategy consolidated its Bitcoin accumulation engine: its preferred share STRC recorded trading volume of approximately $1.1 billion, representing an increase of nearly 47% over its previous all-time high. Michael Saylor noted that the instrument generated “$1.156 billion in liquidity” with minimal price movement and closed at par.
STRC is a perpetual preferred share issued under the company’s at-the-market program. In practice, it functions as the primary capital-raising channel the firm directs toward its BTC purchases, which are executed on a predominantly weekly basis. The most recent acquisition totaled 13,927 BTC for approximately $1 billion, bringing the company’s total holdings to 780,897 BTC. Those purchases were funded, in part, through the sale of more than 10 million STRC shares.
$1.156B of liquidity. One penny of volatility. Closed at par. $STRC
— Michael Saylor (@saylor) April 13, 2026
STRC: the Engine Behind Strategy
Within the company’s capital structure, STRC coexists with other preferred shares such as STRK, STRF, and STRD, as well as the issuance of common shares. Together, these programs form part of the plan known as “42/42,” aimed at raising $84 billion for bitcoin purchases through 2027. However, the most recent data suggest that STRC is becoming overwhelmingly dominant within that structure. Lyn Alden, a U.S. investment strategist, noted this week that STRC already exceeds in size the combined total of all other Strategy preferred instruments.
The record STRC volume also fueled estimates around implied bitcoin demand. According to data published by STRC.live, approximately 10.6 million shares traded above key thresholds could correspond to roughly 7,130 BTC. Other analysts offered different figures based on their own price and execution-time assumptions. The estimates should be treated with caution: Strategy does not convert traded volume into bitcoin purchases on a direct proportional basis, as actual acquisitions depend on issuance timing, pricing, and capital allocation decisions.
