STRC Hits Record $1.53B Trading Volume, Says Michael Saylor
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Strategy’s preferred share STRC hit a record trading day with $1.53B in liquidity and low volatility as investors positioned ahead of the May 15 ex-dividend date, keeping trading volume elevated and funding the firm’s Bitcoin accumulation. BTC purchases slowed to 535 BTC last week but traders expect buys above 10,000 BTC soon, while critics like Peter Schiff called the preferred shares a centralized Ponzi, highlighting centralization and regulatory risk for crypto investors.
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- Michael Saylor said STRC recorded an all-time high volume day with $1.53B in liquidity.
- Peter Schiff renewed criticism of STRC, calling the preferred shares a centralized Ponzi.
- Strategy’s BTC buys slowed to 535 BTC last week, but traders expect buys above 10K soon.
Michael Saylor highlighted STRC’s record trading activity after the preferred stock posted what he described as an “all-time high volume” day with $1.53 billion in liquidity and just “two cents of volatility.” Strategy CEO Phong Lee also referred to the session as a “record day” on X.
The surge in activity came as traders positioned around Strategy’s preferred shares ahead of the May 15 ex-dividend date. Trading volume in STRC has remained elevated for weeks as investors continue funding Strategy’s Bitcoin accumulation strategy through the yield-bearing instrument.
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