On April 13, 2026 Strategy’s STRC Variable Rate Series A Perpetual Stretch Preferred recorded its first day above $1B in trading, closing at $1.16B (a 46.5% jump over the prior record). The issuance funded an estimated purchase of ~11,498 BTC (~0.05% of supply) while STRC traded with minimal volatility near its $100 par. STRC carries an 11.5% dividend (annual coupon ≈ $97.842M on the raise). Strategy still has roughly $56.47B of remaining at‑the‑market issuance capacity across tickers (MSTR $27.1B, STRC $21.6B, STRK $2.1B, STRD $4.0B, STRF $1.6B), which at ~$74,000/BTC could buy an additional ~763,000 BTC and push total holdings past 1 million BTC. The structure is positioned to channel conservative fixed‑income capital (pensions, insurers, bond funds) into physical Bitcoin exposure via a low‑volatility, high‑yield perpetual preferred format.

Record $1.16B daily issuance funded an estimated purchase of ~11,498 BTC and STRC traded stably near $100 par; 11.5% dividend and $56.47B remaining issuance capacity imply meaningful and ongoing institutional buy capacity into BTC, supporting bullish pressure. All points are drawn from the article summary.