Strategy (MSTR) “Stretch” Perpetual Preferred Stock (STRC) traded approximately $333 million in volume on Wednesday, marking its seventh-highest daily volume since its debut in July 2025.
Despite the intense activity, STRC remained firmly anchored around its face value of $100 throughout the session. This stability led CEO Michael Saylor to comment: “one cent of volatility, $330 million of liquidity, closed at par.”
STRC is designed to function as a high-yield, short-duration credit instrument, offering an 11.5% annual dividend paid monthly. Its structure incentivizes trading near par, allowing Strategy to efficiently use its at-the-market (ATM) issuance program to raise capital for additional bitcoin purchases.
The company may have acquired more than 2,000 BTC on Wednesday through the STRC ATM, according to STRC.live estimates.
STRC’s broader goal is to generate double-digit returns with minimal price volatility, effectively combining income generation with capital stability.
In pre-market trading, Strategy shares fell slightly to around $127, while STRC continued to trade at par near $100.
