Strategy’s ( MSTR ) perennial favorite “Stretch” ( STRC ) traded around $333 million in volume Wednesday, marking its seventh-highest daily volume since its July 2025 debut.
Despite the heavy activity, STRC remained firmly anchored around its $100 par value throughout the session. That stability prompted executive chairman Michael Saylor to note, “one penny of volatility, $330 million in liquidity, closed at par.”
STRC is designed to act as a short-term, high-yield credit instrument offering an annual dividend of 11.5% monthly. Its structure encourages trading close to par, enabling Strategy to effectively leverage its on-the-market (ATM) issuance program to raise capital for additional bitcoin purchases.
The company may have acquired more than 2,000 BTC on Wednesday via STRC ATM, according to STRC.live estimates.
The broader objective of STRC is to deliver double-digit returns with minimal price volatility, effectively combining income generation with capital stability.
In premarket trading, Strategy shares were slightly lower at around $127, while STRC continued to trade at par near $100.
