Strategy's STRC Shatters All Records: Funds Estimated Purchase of Over 4,000 Bitcoin

Strategy Inc (MSTR), the world’s largest corporate Bitcoin holder, saw its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) program deliver its most explosive single-day performance ever on March 12, 2026. Real-time trackers recorded a staggering 7.3 million shares traded—every share clearing the activation threshold—equating to 471% of average daily volume. The session extended the ATM offering streak to nine consecutive days and nearly doubled the already impressive prior day, generating proceeds estimated to fund the purchase of approximately 4,038 Bitcoin.

The acceleration was breathtaking: for the first time in the program’s history, STRC raised enough capital in a single trading day to acquire 4,000 BTC, surpassing that milestone in less than 1.5 hours after first reaching the 3,000 BTC threshold. Throughout the day, STRC remained anchored near its $100 par value, reflecting sustained demand from yield-seeking investors who prize the preferred stock’s significantly lower volatility compared with Strategy’s common shares (MSTR).

Adding even greater scale, STRC has now raised sufficient capital this week to fund the acquisition of over 10,000 Bitcoin. This weekly total so far—equivalent to roughly $710 million in proceeds at prevailing prices—highlights the program’s accelerating contribution to Strategy’s treasury growth and its ability to absorb Bitcoin volumes far exceeding daily mining output.

STRC is a perpetual preferred stock with a $100 par value that channels proceeds directly into Bitcoin accumulation while providing a stable, high-yield income stream. It features a variable monthly dividend—currently annualized at 11.5%—with built-in adjustments to keep trading close to par. This “digital credit” structure attracts fixed-income participants and enables Strategy to expand its treasury holdings without liquidating existing Bitcoin.

How we estimate ATM BTC

Our model reviews 1-minute STRC candles across the full trading window, including pre-market and after-hours sessions.

For any bar closing at or above $99.92, we attribute 40% of its volume to ATM issuance.

We then subtract a 2.5% underwriter commission and divide the resulting net proceeds by the session-average Bitcoin price to derive an estimated BTC total.

These figures are approximations only—actual ATM activity and confirmed purchases will be disclosed in subsequent SEC Form 8-K filings, typically released on a weekly basis.

Applying this methodology to the 7.3 million share volume yields roughly $283.3 million in net proceeds. Divided by the day’s average Bitcoin price of approximately $70,100, the estimate reaches ~4,038 BTC. As of the most recent March 9 filing, Strategy held 738,731 BTC valued at $56.04 billion, acquired at an average cost of $75,862 per coin.

Executive Chairman Michael Saylor captured the momentum on X: “You know there’s a delay between the time we buy the Bitcoin and the time Bitcoin goes to the moon.”

This record-breaking STRC session, combined with the week's 10,000+ BTC milestone, further solidifies its central role in Strategy’s self-reinforcing accumulation flywheel: compelling yields draw capital, Bitcoin purchases strengthen the balance sheet, and expanding holdings reinforce long-term investor conviction.

Follow STRC estimated buys live on BitcoinTreasuries.net for real-time visibility into this historic pace.