Market Moves Around STRC: How Far Can The Strategy Go With Bitcoin?

In the Strategy, STRC shares establish themselves as increasingly free financial leverage. The sudden spike in trading around this summer 2025 preferred stock raises a specific question: Does Michael Saylor have a new way to buy BTC? The answer will depend on a very specific meeting, with the next document expected by the SEC on March 9, 2026.

The STRC market anticipates buying a new strategy

The strategy could still buy bitcoins thanks to STRC sales, “preferred stock” with variable yield. A sudden resurgence in activity in the stock could generate about $302 million in net proceeds, which would be enough to fund the purchase of about 4,334 BTC.

At this stage, this is a projection reported by the market, not an amount already verified by a regulatory document. While the market is speculating about an acceleration of Strategy’s buying capacity through STRC, the latest document filed with the SEC remains much more measured.

This gap brings the news to the fore, as the observed dynamics on STRC could signal a new phase of Bitcoin accumulation, but only the next regulatory publication will determine whether this interpretation was well founded.

• The reported model is attributed to BitcoinQuant based on $777 million in weekly volume on STRC;

• Of this total, 97% or $755 million would trade above the $100 denomination;

• With a capture rate of 40%, the estimate results in approximately $302 million in potential net proceeds;

• Friday’s session alone would concentrate $188 million in volume, representing a buying potential of approximately 1,097 BTC;

• In contrast, the most recent SEC filing for the period ended March 1 mentions only $7.1 million in net proceeds related to STRC;

• This same document lists ATM funding totaling $237.1 million, used to purchase 3,015 BTC;

• Therefore, the next document expected on March 9 should verify whether the observed increase in STRC has indeed led to a new increase in Bitcoin purchases.

STRC will sit at the heart of the funding machine

To understand why this movement is being closely watched, it is necessary to return to the structure of the STRC itself. Michael Saylor’s firm completed an IPO of 28,011,111 shares of this preferred stock at the end of July 2025 at a price of $90 per share for $2.521 billion gross and $2.474 billion net.

The group immediately allocated this product to purchase 21,021 BTC at an average price of $117,256. Two days later, the company expanded Logic with a $4.2 billion ATM program. The mechanism refers to a variable monthly dividend, designed so that the stock can “trade at or close to a face value of $100 per share”. Effective March 1, 2026, the annual STRC rate was increased to 11.50%, or $0.958333333 per share for the month of March.

Documents filed with the SEC also show that STRC is no longer just a financial dress-up. On January 12, 2026, Strategy announced the sale of 1,192,262 shares of STRC for $119.1 million net, along with $1.1285 billion raised through MSTR, before buying 13,627 BTC for $1.2471 billion.

On February 17, 2026, the company again announced $78.4 million net from STRC for the acquisition of 2,486 BTC. The regulatory comment is clear: “Bitcoin purchases were financed with proceeds from the sale of shares in the ATM program”. This series of papers positions STRC as a regular cog in Strategy’s bitcoin funding, not an isolated experiment.

Behind the hype surrounding STRC, one observation is clear: The strategy is still refining its bitcoin accumulation mechanism under the watchful eye of the market and regulator. Michael Saylor sees the quantum threat to Bitcoin as still distant, but the immediate challenge remains elsewhere: knowing whether this sequence will lead to new BTC purchases.

DISCLAIMER OF LIABILITY

The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.