MicroStrategy's STRC preferred stock recorded a daily trading volume of $ 1.1 billion on Monday, marking a new high for the instrument.
The company confirmed the increase, noting a growth of 46.5% from the previous peak. The sudden rise has attracted attention in the crypto markets, where traders are trying to interpret what this means for Bitcoin exposure.
STRC volume growth strengthens Bitcoin accumulation narrative
According to Matthew Sigel, head of digital assets at VanEck, the increase in volume can be attributed to a large Bitcoin purchase.
In fact, MicroStrategy reported its latest Bitcoin purchase on Monday, valued at $1 billion in BTC, catapulting the company’s holdings to 780,897 Bitcoin.
The timing of this has sparked further speculation, especially since MicroStrategy has historically leveraged market events to expand its Bitcoin holdings.
Michael Saylor reinforced the narrative by highlighting the size and stability of the session.
"$1.156 billion in liquidity. One cent in volatility. Closed at par. $STRC," he wrote.
The combination of high liquidity and low volatility indicates controlled execution, which is often associated with institutional positioning rather than transactions driven by private investors.
Analysts point to several hundred million in potential BTC purchases.
Market participants estimate that between $600 million and $700 million in Bitcoin may have been purchased through STRC-related flows.
"The STRC bull case for BTC is being realized. Approximately $600–700 million in purchases from STRC today. Could exceed a billion tomorrow," said Taiki Maeda.
Some analysts believe the amount could exceed $1 billion if the momentum continues into the next trading session.
A return of positive reflexivity in the market leads analysts to claim that crypto inflows are accelerating as sentiment shifts from bearish extreme levels.
Bitcoin had recently dropped to lower levels, facilitating new accumulation activity.
At the same time, comparisons between STRC and MicroStrategy's ordinary stock trading have attracted additional attention.
Analysts point out that STRC volume reached a significant share of MicroStrategy's daily trading levels, which is unusual for this instrument.
Further forecasts suggest that if historical patterns hold, STRC volume could expand further before key market events.
A market observer has estimated a possible increase of over $1 billion again, based on trading trends from last month.
"Last month was T-2 at 4.6 million shares, T-1 was 7.5 million shares. About a 60% increase. If tomorrow gives the same, we are looking at about 12.8 million shares (well over $1 BILLION)," they wrote.
The latest increase highlights how structured products related to MicroStrategy can affect the demand for Bitcoin.
Whether this activity reflects direct accumulation purchases or broader market exposure is unclear, but the size of the flows suggests that institutional players are once again shaping Bitcoin's development.