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MicroStrategy STRC Volume Hits $1.1 Billion After Michael Saylor Buys More Bitcoin

BeInCrypto
MicroStrategy's STRC preferred stock hit a record $1.1 billion in daily trading volume alongside a massive $1 billion Bitcoin acquisition by the firm.

Summary

MicroStrategy’s STRC preferred stock achieved a record-breaking $1.1 billion in daily trading volume on Monday, representing a 46.5% increase from previous highs. This surge coincides with MicroStrategy’s announcement of a $1 billion Bitcoin purchase, which expanded the company's holdings to 780.897 BTC. Analysts and observers suggest the liquidity spike reflects institutional-scale positioning rather than retail activity, with some estimating that hundreds of millions of dollars in potential Bitcoin buys were facilitated through STRC-linked flows.

(Source:BeInCrypto)