todayonchain.com

MicroStrategy’s STRC Notches $1.53 Billion in Daily Volume for New Record

BeInCrypto
MicroStrategy’s STRC preferred stock reached a record-breaking $1.53 billion in daily trading volume, highlighting increased investor interest in the Bitcoin-linked asset.

Summary

Strategy’s (formerly MicroStrategy) Series A Perpetual Stretch Preferred Stock, known as STRC, hit an all-time high daily trading volume of $1.53 billion. This figure surpasses the previous record of $1.1 billion set in April, reflecting heightened investor activity. The instrument is a key component of the company's Bitcoin acquisition strategy, offering an 11.5% dividend, and the firm is currently transitioning to a semi-monthly payout schedule to meet demand. While some critics like Peter Schiff have labeled the model a Ponzi scheme, the stock continues to attract significant market attention.

(Source:BeInCrypto)