Strategy Breaks Record with One-Day STRC Stock Sale
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Strategy Inc. recorded its largest single-day issuance of Stretch (STRC) preferred stock on Monday, highlighting the firm’s continued reliance on capital markets to finance its aggressive Bitcoin acquisition strategy. Record Trading Volume Trading volume for Strategy shares reached nearly $300 million on Monday, more than double the 30-day average of $124 million, suggesting strong investor demand as the firm expands its crypto treasury playbook. The perpetual preferred stock is designed to function as a high-yield treasury product for investors seeking cash distributions. Proceeds from that issuance are likely used to buy roughly 1,420 BTC, according to estimates based on
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3d ago•
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