Strategy’s STRC sees one of its highest volume days, with just one penny of volatility

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Strategy’s STRC sees one of its highest volume days, with just one penny of volatility High yield structure keeps STRC pinned at par while enabling large scale bitcoin purchases. By James Van Straten | Edited by Jamie Crawley Apr 9, 2026, 9:50 a.m. Make preferred on What to know : STRC recorded its seventh highest trading volume since launch, while staying anchored at $100, highlighting strong liquidity with near zero volatility. At-the-market issuance tied to STRC may have funded over 2,000 BTC purchases on Wednesday. Strategy’s (MSTR) perpetual preferred stock “Stretch” (STRC) traded roughly $333 million in volume on Wednesday, marking its seventh highest daily volume since debuting in July 2025. Despite the heavy activity, STRC remained tightly anchored around its $100 par value throughout the session. This stability prompted executive chairman Michael Saylor to remark, “one penny of volatility, $330 million of liquidity, closed at par.” STRC is designed to function as a short-duration, high-yield credit instrument, offering an 11.5% annual dividend paid monthly. Its structure incentivises trading close to par, allowing Strategy to efficiently utilise its at 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 the 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 pre-market trading, Strategy shares were slightly lower at around $127, while STRC continued to trade at par near $100. Bitcoin News MicroStrategy More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Everyone’s awaiting U.S. inflation figures, but bitcoin traders couldn’t care less By Omkar Godbole | Edited by Jamie Crawley 1 hour ago There’s a wide gap between how experts are viewing Friday’s inflation data and how the bitcoin market is pricing in the impending figures. What to know : Bitcoin traders are pricing in only a 2.5% move around Friday’s U.S. inflation report, signaling a potential non-event. Implied volatility in bitcoin has dropped to its lowest since January, even as March CPI is expected to hit 3.4% amid an Iran war–driven energy shock. Analysts say each inflation reading could... Read full story Latest Crypto News Bithumb moves to seize assets over mistaken $8 million bitcoin dispute 23 minutes ago Iran's crypto tanker tolls are the latest step in its sanctions‑busting trade network 1 hour ago Everyone’s awaiting U.S. inflation figures, but bitcoin traders couldn’t care less 1 hour ago The ‘bottom is in’: Why Tom Lee says the Iran ceasefire is the starting gun for a massive bitcoin rally 2 hours ago CFTC presses case that sports betting is finance, seeks to block Arizona enforcement 3 hours ago XRP slips 4% as selling pressure builds despite ETF inflows 4 hours ago Top Stories Bitcoin's next big move hinges on oil, and right now it's a total coin flip 4 hours ago Bitcoin gets its first working prototype of quantum-resistant wallet rescue tool 6 hours ago Michael Saylor says bitcoin has likely bottomed, quantum risk overblown 15 hours ago U.S. Treasury proposes demands that stablecoin firms be set to police bad transactions 18 hours ago Iran eyes crypto toll for oil tanker transits through Strait of Hormuz, according to FT 20 hours ago Bitcoin is above $70,000 on Iran ceasefire, but rally is turning cautious for good reasons 18 hours ago