Dividend Chasers Pump STRC to $1.16B Record: 7,800 BTC Shopping Spree Fueled by Monthly Cash Cravings

STRC, Strategy's perpetual preferred security that funds bitcoin purchases with the enthusiasm of a degen on payday, just posted its biggest trading day in history.

Volume surged to $1.16 billion on Monday—more than four times the 30-day average of $278 million. That kind of firepower translated into an estimated 7,800 BTC added to Strategy's stack, per STRC.live. Someone's DCA subscription just got a serious upgrade.

The preferred stock offers an 11.5% annual dividend paid monthly in cash, which tends to attract dividend hunters right before the ex-dividend cutoff date like moths to a flame—or in this case, like retail traders to a yield flash sale. Wednesday's that day, so Tuesday's volume could crush Monday's record if the dividend degen crowd keeps showing up hungry.

STRC maintained its $100 par value throughout the session like a stubborn maxibit refusing to sell the dip. Its market cap now sits at $6.4 billion—larger than STRD ($1.1B), STRK ($1B), and STRF ($1.2B) combined. That's basically the preferred stock equivalent of showing up to a potluck with a tray of lasagna while everyone else brought chips.

The common stock rose 2.9% Monday and was up 3.7% in pre-market trading, because apparently some people still like to live dangerously before the market even opens.