The Strategy Token (STRC) Preferred Stock Sets Record Trading Volume, Fundraising Drives Purchase of Approximately 11,707 Bitcoins

BlockBeats News, May 15th, Strategy's preferred stock STRC saw a record trading volume on Thursday, with a transaction volume of $15.3 billion, more than 4 times the 30-day average.

Reports indicate that this round of high trading volume mainly occurred on the eve of the ex-dividend date, with a large number of trades at or above the $100 face value level. STRC currently offers approximately 11.5% annualized cash dividend, paid monthly.

The high trading volume has driven Strategy to complete a new round of Bitcoin acquisition through its ATM (At-The-Market) financing mechanism, purchasing approximately 11,707 BTC, allowing the company to further increase its position as the world's largest publicly traded Bitcoin holder.

Market data shows that STRC experienced a slight pre-market decline of about 1% after entering ex-dividend trading, approaching the sub-$100 trading range, following the common price adjustment pattern for dividend-bearing assets after the ex-dividend date.

During the same period, the Bitcoin price weakened slightly to around $80,500, while Strategy's common stock also fell by about 2%, reflecting the evident correlation between the cryptocurrency asset and the company's stock price.