MicroStrategy's STRC Shares Hit $1.53B Daily Trading Record

MicroStrategy’s STRC perpetual preferred shares recorded a daily trading volume of $1.53 billion on May 15, marking a new record for the instrument and reinforcing its growing role in the company’s Bitcoin acquisition strategy. The trading activity could theoretically translate into roughly $735.4 million in fresh capital, according to data from STRC.live. However, the company has not confirmed whether all newly raised funds will immediately be used for Bitcoin purchases.

STRC’s Role in MicroStrategy’s Bitcoin Accumulation

STRC has become one of the company’s primary funding vehicles as traditional fundraising methods, including convertible debt offerings, become harder to execute in the current market environment. The instrument offers investors an annual dividend yield of 11.5% while allowing MicroStrategy to raise capital without diluting its common shares.

The pace of Bitcoin accumulation has accelerated sharply in recent months. Since April, MicroStrategy has acquired 56,770 BTC, while total purchases since March have surpassed 101,000 BTC. During the company’s Q1 earnings call on May 5, CEO Michael Saylor stated that MicroStrategy aims to turn STRC into “the largest lending instrument in the world.”

How Perpetual Preferred Shares Work

Perpetual preferred shares have historically been used by banks and industrial giants to raise long-term capital without giving up control. MicroStrategy has adapted the same mechanism to finance large-scale Bitcoin accumulation.

Unlike conventional debt, perpetual preferred shares do not have a maturity date, reducing repayment pressure during market downturns. However, analysts note that the structure may also create long-term risks if investor demand weakens or Bitcoin volatility increases.

MicroStrategy’s Bitcoin Position and Market Trends

MicroStrategy remains the largest corporate Bitcoin holder in the market, with 818,869 BTC valued at approximately $66.5 billion at current prices. Bitcoin’s recent rise above $81,000 has pushed the asset beyond the company’s average purchase price of $75,543, leaving MicroStrategy with an unrealized gain of roughly 7.2%.

The broader corporate Bitcoin trend is gaining momentum. Nearly 200 public companies now hold Bitcoin on their balance sheets, while firms such as Tokyo-based Metaplanet are increasingly turning to perpetual preferred shares to fund additional purchases. Investors are watching closely to see whether high-yield instruments like STRC can continue supporting aggressive Bitcoin accumulation without creating new risks for the market.

FAQ

What is STRC and how does it work? STRC is MicroStrategy’s perpetual preferred shares instrument that offers investors an 11.5% annual dividend yield. Unlike conventional debt, STRC has no maturity date, allowing the company to raise capital for Bitcoin purchases without diluting common shares or facing repayment pressure during market downturns.

How much capital did the May 15 STRC trading generate? The $1.53 billion in daily trading volume on May 15 could theoretically translate into roughly $735.4 million in fresh capital, according to STRC.live data. However, MicroStrategy has not confirmed whether all newly raised funds will be immediately used for Bitcoin purchases.

How much Bitcoin does MicroStrategy currently hold? MicroStrategy holds 818,869 BTC valued at approximately $66.5 billion at current prices, making it the largest corporate Bitcoin holder in the market. The company’s average purchase price is $75,543, resulting in an unrealized gain of roughly 7.2% at Bitcoin prices above $81,000.