Strategy Inc (MSTR), the world's largest corporate holder of Bitcoin, marked a notable milestone in its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) program on March 3, 2026. Official historical trading data reports STRC closed at $100.01 with a daily volume of 2,007,212 shares. The stock remained tightly anchored around its $100 par value throughout the session, demonstrating sustained demand from income-oriented investors and facilitating efficient at-the-market (ATM) issuances of new shares.
This high volume and price stability near par highlight robust absorption by fixed-income participants attracted to the instrument's yield profile with reduced volatility compared to common shares (MSTR). Real-time trackers monitoring ATM activity, such as strc.live, estimated that proceeds from the day's eligible trading supported the potential acquisition of approximately 1,015 Bitcoin—a new single-day record for STRC-driven accumulation.
STRC is a perpetual preferred stock with a $100 par value, designed to provide stable, high-yield income while directing capital inflows directly toward Strategy's Bitcoin treasury expansion. The instrument pays a variable monthly dividend, recently set at 11.5% annualized for March 2026, with the board adjusting the rate monthly to maintain trading anchored near par. This structure appeals to investors seeking predictable cash flows and lower equity-like risk, enabling Strategy to raise funds for Bitcoin purchases without liquidating existing holdings through a "digital credit" mechanism.
Trackers provide real-time proxies based on market data feeds; actual Bitcoin purchases are confirmed later in SEC Form 8-K filings, typically weekly. The ~1,015 BTC estimate is derived from the daily volume of 2,007,212 shares, with approximately 97% of volume executed at or above $100 (roughly 1.95 million effective shares). Effective proceeds were estimated at ~$69–70 million after adjustments for secondary trading portions, transaction costs, and yield obligations. These proceeds were then divided by Bitcoin’s prevailing market price during the session (approximately $68,000–$69,000 per BTC).
The March 3 performance underscores STRC’s growing role in Strategy’s accumulation strategy. As of the March 2 filing, holdings stood at 720,737 BTC. Sustained near-par trading supports ongoing fundraising with limited dilution, creating a reflexivity loop: premium stability drives capital raises, Bitcoin purchases strengthen the treasury, and growth reinforces confidence. Executive Chairman Michael Saylor highlighted the surge with a “Probably Nothing” post on X, emphasizing STRC’s capacity to channel institutional fixed-income capital into Bitcoin at record daily levels.