STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par
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Bitcoin-backed preferred shares STRC and SATA recorded a combined record monthly trading volume in June, topping $10 billion as BTC slid toward $57,000. STRC posted $8.7 billion and SATA $1.5 billion in volume while both shares traded below their $100 par value, signaling heavy liquidity and downside pressure in crypto securities markets. The surge in volume during the sell-off underscores market volatility and potential headwinds for adoption and secondary-market confidence.
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Bitcoin-backed preferred shares STRC and SATA posted their highest combined monthly trading volume on record in June, surpassing $10 billion amid a BTC sell-off that pushed both below their $100 par value.
According to data from BitcoinTreasuries.net (BTN), Strategy’s STRC generated $8.7 billion in trading volume last month, while Strive’s SATA recorded $1.5 billion, and this happened with the price of BTC falling near the $57,000 level.
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