Strategy’s STRC posts $333M volume, stays at $100 par with one penny volatility as STRC ATM may have bought ~2,000 BTC

Strategy’s perpetual preferred “Stretch” (STRC) traded about $333M on Apr 9, 2026 (seventh-highest daily volume since July 2025) but remained tightly anchored at $100 par with “one penny of volatility,” per executive chairman Michael Saylor. STRC pays an 11.5% annual dividend (monthly) and is structured to trade near par to enable at-the-market (ATM) issuance for bitcoin purchases; STRC.live estimates Strategy may have acquired over 2,000 BTC via the STRC ATM that day. Strategy common (MSTR) traded around $127 pre-market while STRC stayed at par.
AI Analysis
High, concrete intraday liquidity ($333M) combined with virtually no price movement (closed at $100 par, “one penny of volatility”) signals effective at-the-market issuance mechanics; STRC’s structure (11.5% dividend, near-par design) and STRC.live’s estimate of >2,000 BTC purchased are direct, trade-relevant facts for traders.