Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
The Strategy Token (STRC) Preferred Stock Sets Record Trading Volume, Fundraising Drives Purchase of Approximately 11,707 Bitcoins
  • BTC0%
  • ATM0%

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.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change