MicroStrategy's STRC preferred shares set a new all-time high with a daily trading value of 1.1 billion USD last Monday
The company confirmed this surge, increasing by 46.5% from the previous all-time high of this stock. This rapid increase has generated interest in the crypto market amid traders' efforts to analyze the impact on Bitcoin holdings
The trading volume of STRC surged, prompting discussions about accumulating Bitcoin.
Matthew Sigel, head of digital asset research at VanEck, stated that the increased trading volume may be related to large Bitcoin purchases.
MicroStrategy reported its latest Bitcoin purchase on Monday, acquiring BTC worth 1 billion USD, resulting in the company's holdings increasing to 780.897 Bitcoin.
The timing of this purchase further adds to the expectations, considering that MicroStrategy always takes opportunities from market events to increase its Bitcoin holdings.
Michael Saylor reinforced this by emphasizing the size and stability during the trading period.
1.156 billion USD liquidity, one cent of volatility, closed at the break-even price STRC, he wrote.
The combination of high liquidity and low volatility indicates systematic operations, suggesting large-scale investments from institutions rather than trading by retail investors.
Analysts point to the opportunity to buy BTC for several hundred million USD.
Market participants estimate that between 600 million and 700 million USD may have been used to purchase Bitcoin through STRC flow.
The positive trend of STRC for BTC is becoming real, with purchases from STRC estimated at around 600-700 million USD today, and it may exceed 1 billion USD tomorrow, Taiki Maeda said.
Some analysts believe that this figure could exceed 1 billion USD if the buying pressure continues into the next trading cycle.
The return of positive feedback in the market has led analysts to debate that the influx of capital is accelerating, while sentiment shifts from extreme bearishness.
Bitcoin has recently tested lower price levels, resulting in a new accumulation condition.
At the same time, the comparison between STRC and MicroStrategy's core stock trading activity surprised many.
Analysts note that the trading volume of STRC accounts for a high proportion of MicroStrategy's daily levels, which is an unusual development for this instrument.
Further forecasts indicate that if past patterns hold true, the trading volume of STRC may expand further before significant market events.
One of the tracking tools has estimated that there is a chance that the movement will exceed 1 billion USD again, based on the trading trends of the previous month.
Last month, T-2 had a volume of 4.6 million shares, T-1 had 7.5 million shares, an increase of about 60%. If tomorrow remains the same, we might see ~12.8 million shares (clearly over 1 billion USD), they wrote.
The recent surge reflects that structured products linked to MicroStrategy may be influencing the demand for Bitcoin.
Although this activity directly reflects accumulation or a broader market positioning is still unclear, the magnitude of capital flowing out indicates that institutional mechanisms are once again playing a role in determining the direction of Bitcoin.