A community-built dashboard that tracks Technique’s STRC gross sales in actual time means that as we speak may produce the most important single-day STRC-funded bitcoin (BTC) buy in historical past.
By 11am New York time, the unofficial monitoring system estimated that 2.7 million shares of STRC had traded, all at or above its $100 par, also called its “stated amount” or “quasi-peg.”
This morning’s buying and selling vary was $100-100.07.
As a result of Technique has beforehand offered steering that the corporate may promote STRC when the inventory value is above its said quantity, it’s attainable to estimate the variety of STRC that Technique is including to the circulating provide.
By default, the dashboard speculates that 40% of that quantity may contain Technique itself as the vendor. General STRC quantity figures embody each company in addition to secondary gross sales and the location permits customers to regulate that share through a user-configurable slider.
At its default 40%, the location’s mannequin estimated that Technique had bought over 1 million shares of STRC, funding the acquisition of as much as 1,500 BTC.
That was, in fact, barely 90 minutes into the common session.
Over 700,000 shares had already traded in pre-market, accumulating an estimated 394 BTC earlier than the opening bell. By 1pm, complete quantity over $100 per share exceeded 4.6 million shares.
STRC pays a lavish, 11.5% annualized dividend and tries to carry a $100 quasi-peg. It competes with excessive yield junk bonds and different dangerous yield merchandise with retail-focused ads specializing in its month-to-month dividends and disclaiming its many dangers in advantageous print.
One consumer on X famous 1.2 million shares had traded inside eight minutes of the open. One other marveled because it made 60% of the day before today’s record-breaking quantity in simply 90 minutes.
In all probability one other all-time file week for STRC
At the moment’s determine already dwarfs the perfect confirmed each day common from Technique’s personal SEC submitting final week.
Particularly, Technique’s March 9 SEC Kind 8-Ok disclosed 17,994 BTC bought between March 2 and eight, 2026. It was the corporate’s largest STRC at-the-market (ATM) sale in historical past.
The corporate funded these purchases by $377.1 million in STRC gross sales and $899.5 million in MSTR widespread inventory gross sales.
Mathematically, STRC accounted for 29.5% of these mixed proceeds, implying about 5,314 BTC funded by STRC throughout 5 buying and selling days.
That works out to roughly 1,063 BTC per day. No additional, each day granularity is on the market.
Subsequently, by the perfect knowledge accessible, a 40% quantity seize estimate forecasts 1,500 BTC in STRC-funded purchases as we speak, with 5 buying and selling hours left.
It’s actually attainable that as we speak is the most important ATM in STRC historical past.
The 40% seize estimate
Once more, the dashboard assumes 40% of quantity above $100 represents ATM issuance. It deducts a 2.5% dealer fee and divides by the present BTC value. Technique’s precise seize fee may differ on any given day.
The share may truly be as little as 0%, or the truth is be the overwhelming majority. The corporate normally discloses realized ATM figures weekly, which is the one formal, post-trading verification methodology.
Nonetheless, the 40% mannequin has tracked fairly near confirmed knowledge. Final week, the dashboard estimated 4,295 BTC for March 2-8. The precise submitting was for five,314 BTC.
That exact hole might need narrowed much more had it adjusted for Technique’s recently-introduced, prolonged hours buying and selling.
Certainly, the location now tracks pre-9:30am and post-4pm New York trades.
Technique amended its STRC ATM settlement on March 9, assigning a second agent with the best to promote STRC earlier than 9:30am and after 4:00pm.
The STRC-for-BTC machine
This week’s tempo has been extraordinary. The dashboard estimates 1,863 BTC on Monday, 2,500 on Tuesday, 2,568 on Wednesday, and over 2,500 on Thursday by 1pm New York time.
The four-day operating estimate sits above 9,500 BTC from STRC raises this week alone.
For context, Technique bought zero STRC by its ATM from July by October final yr. All the $4.2 billion program sat untouched for months.
Now, over $1 billion has most likely been issued by it. “The second century begins,” Michael Saylor posted on X after final week’s buy.
There may be, in fact, a value of tapping the ATM. Technique has guided to pay month-to-month dividends on each share of STRC excellent at a variable fee that’s presently 11.5%.
Technique has hiked that fee seven occasions since its 9% launch to encourage its share value to remain close to the $100 par.
Tomorrow is the shareholder snapshot date for STRC’s month-to-month dividend, so its tight parity at $100 is unsurprising given the near-term ex-dividend date.
