STRC Breaks Record: Raises $1.16B, Buys ~11,500 Bitcoin in One Day

Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock delivered one of the most notable single-session performances in corporate finance history yesterday, April 13, 2026. The instrument achieved its first-ever day exceeding $1 billion in trading volume, closing at $1.16 billion—a 46.5% increase above the previous all-time high.

At the same time, STRC funded the purchase of an estimated 11,498 Bitcoin. This single-day capital raise was enough for Michael Saylor’s team to acquire approximately 0.05% of the entire Bitcoin supply—all while the stock showed just a single penny of volatility, remaining anchored near its $100 par value.

STRC’s trading activity also represented roughly 71.1% of MSTR’s Class A common stock daily trading volume, highlighting a notable shift in how investors are participating in Strategy’s Bitcoin treasury strategy.

Bitcoin analyst Adam Livingston noted before the market close that Strategy had raised approximately $850.8 million through STRC that day. These figures were calculated prior to the final close, so they do not reflect the final $1.16 billion trading volume. At the current 11.5% dividend rate, the annual obligation on that raise is just $97.842 million per year. Over 10 years, total dividends paid would amount to $978.42 million, assuming the rate never decreases. Applying a conservative 25% annual Bitcoin compounding assumption, which is below the long-term Power Law trend, that initial capital in Bitcoin would grow to $7.924 billion. After paying a full decade of dividends, the net spread captured would still exceed $6.945 billion—all from one single day of STRC issuance.

Strategy still holds substantial capacity under its at-the-market equity programs. According to the latest SEC filing, the remaining capacity breaks down as follows: MSTR Stock (Class A common) has $27.1 billion remaining, STRC Stock has $21.6 billion remaining, STRK Stock has $2.1 billion remaining, STRD Stock has $4.0 billion remaining, and STRF Stock has $1.6 billion remaining. In total, Strategy has roughly $56.47 billion left that it can issue.

At current Bitcoin prices around $74,000, this capacity could theoretically acquire an additional 763,000 BTC, pushing Strategy’s total holdings well beyond 1 million Bitcoin and approaching 1.54 million BTC when added to the current reserve. Of course, such large-scale buying would itself exert upward pressure on Bitcoin’s price, amplifying the effect.

Fixed-income investments make up one of the world’s largest and most cautious capital pools. The core global bond market is currently valued between $127 trillion and $145 trillion, with forecasts pointing toward $167 trillion by 2031. Adding in money market funds, pension funds — which hit a record $68.3 trillion in assets in 2025 — and insurance company portfolios brings the total addressable pool into the hundreds of trillions of dollars.

Pension plans, insurers, bond funds, and money market managers must follow strict investment rules, regulatory requirements such as Basel III, fiduciary responsibilities, and tight limits on volatility. These rules have traditionally kept them from investing directly in Bitcoin.

STRC offers a practical way for this capital to gain exposure. The perpetual preferred stock currently yields 11.50%, maintains very low volatility around its $100 par value, and is supported by Strategy’s ongoing Bitcoin purchases. It combines Bitcoin’s long-term characteristics with the steady income format that many fixed-income mandates can accept.

As a result, STRC directs large amounts of institutional fixed-income money straight into physical Bitcoin purchases. This source of demand operates differently from the flows seen in spot Bitcoin ETFs or traditional corporate treasury buying.

Yesterday marked a significant day for the instrument. It demonstrated that the approach is functioning and has further potential.