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Strategy’s Main Bitcoin Acquisition Vehicle Sees Massive $1.5B Trading Explosion
TL;DR
Strategy's Bitcoin holdings have reached 818,869 BTC, valued at approximately $66 billion, making it the largest corporate Bitcoin reserve globally. The company's Variable Rate Series A Perpetual Stretch Preferred Stock saw a record trading volume of $1.53 billion, facilitating its Bitcoin acquisitions.
Key points
- Strategy holds 818,869 Bitcoin worth $66 billion
- Largest corporate Bitcoin reserve globally
- Preferred stock trading volume reached $1.53 billion
- Preferred stock is the main funding tool for Bitcoin purchases
- Other funding channels have become harder to access
Mentioned in this story
Strategy
Variable Rate Series A Perpetual Stretch Preferred Stock
Strategy now holds 818,869 Bitcoin, worth roughly $66 billion at current prices — a position that has become the largest corporate Bitcoin reserve anywhere in the world. That stockpile keeps growing, and the instrument fueling much of the buying just broke a record.
A New Kind Of Funding Tool
STRC, the company’s Variable Rate Series A Perpetual Stretch Preferred Stock, recorded $1.53 billion in trading volume on Thursday — the highest single-day figure it has ever posted.
Chairman Michael Saylor announced the milestone on social media, calling it an all-time high in liquidity. The preferred stock, known informally as Stretch, has become Strategy’s go-to method for raising money to buy Bitcoin in 2026, stepping in as other funding channels have grown harder to access.
Senior convertible notes and at-the-market equity offerings have both tightened over the past year, pushing the company toward preferred stock as its primary capital source.
All-time high volume. $1.53B of liquidity. Two cents of volatility. Closed at par. $STRC pic.twitter.com/aS0dSlkm7d
— Michael Saylor (@saylor) May 14, 2026
Stretch works by paying investors an 11.5% dividend without touching the company’s common shares. That structure keeps existing shareholders from being diluted while still bringing in fresh capital.
Based on data from the STRC.live tracker, Thursday’s trading performance could allow Strategy to raise an estimated $735 million — enough, in theory, to acquire around 9,066 Bitcoin. Whether the company will move forward with a purchase based on those funds remains unclear.
Q&A
What is the current value of Strategy's Bitcoin holdings?
Strategy's Bitcoin holdings are valued at roughly $66 billion.
How much trading volume did Strategy's preferred stock reach?
Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock recorded $1.53 billion in trading volume on a single day.
Why is Strategy using preferred stock to buy Bitcoin?
Strategy is using preferred stock as its primary capital source due to tightened access to other funding channels like convertible notes and equity offerings.
