Bitcoin 
Ethereum 
Tether 
BNB 
USDC 
XRP 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Hyperliquid 
Dogecoin 
USDS 
LEO Token 
Rain 
Wrapped stETH 
Stellar 
Canton 
Wrapped Bitcoin 
Cardano 
Binance Bridged USDT (BNB Smart Chain) 
Zcash 
Wrapped Beacon ETH 
Monero 
Chainlink 
WhiteBIT Coin 
Wrapped eETH 
USD1 
Ethena USDe 
sUSDS 
Bitcoin Cash 
Dai 
Toncoin 
Coinbase Wrapped BTC 
MemeCore 
Hedera 
Litecoin 
WETH 
LAB 
Avalanche 
Sui 
USDT0 
PayPal USD 
Circle USYC 
Shiba Inu 
Cronos 
Tether Gold 
Global Dollar 
BlackRock USD Institutional Digital Liquidity Fund 
Ethena Staked USDe 
NEAR Protocol 
Ondo US Dollar Yield 
PAX Gold 
Bittensor 
World Liberty Financial 
Mantle 
Ripple USD 
Polkadot 
Ondo 
Aster 
Little Pepe 
HTX DAO 
syrupUSDC 
Uniswap 
Falcon USD 
OKB 
Worldcoin 
USDD 
BFUSD 
Pi Network 
Sky 
Bitget Token 
Internet Computer 
Humanity 
Pepe 
Ethereum Classic 
Morpho 
USDtb 
Jupiter Perpetuals Liquidity Provider Token 
United Stables 
Spiko EU T-Bills Money Market Fund 
Blockchain Capital 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
Quant 
Jito Staked SOL 
DeXe 
Aave 
Kelp DAO Restaked ETH 
Janus Henderson Anemoy Treasury Fund 
Ethena 
Binance-Peg WETH 
Render 
Rocket Pool ETH 
Cosmos Hub 
Kaspa 
Binance Bridged USDC (BNB Smart Chain) 
Algorand 
POL (ex-MATIC) 
Wrapped BNB 
KuCoin 
Function FBTC 
Stable 
Venice Token 
NEXO 
币安人生 (BinanceLife) 
JUST 
syrupUSDT 
Gate 
Audiera 
Beldex 
Binance Staked SOL 
XDC Network 
Siren 
GHO 
Flare 
Filecoin 
Usual USD 
NEW X CEO IS BACK 
Polygon Bridged USDC (Polygon PoS) 
Aptos 
Solv Protocol BTC 
YLDS 
Lombard Staked BTC 
Provenance Blockchain 
Jupiter 
Midnight 
clBTC 
A7A5 
Injective 
OUSG 
Arbitrum 
Pump.fun 
TrueUSD 
StakeWise Staked ETH 
USX 
Spiko Amundi Overnight Swap Fund (EUR) 
Kinetiq Staked HYPE 
EURC 
tBTC 
Artificial Superintelligence Alliance 
WrappedM by M0 
Janus Henderson Anemoy AAA CLO Fund 
apxUSD 
Kite 
VeChain 
Pudgy Penguins 
Dash 
c8ntinuum 
PancakeSwap 
Mantle Staked Ether 
ADI 
PRIME 
Polygon PoS Bridged DAI (Polygon POS) 
Official Trump 
Resolv wstUSR 
Bonk 
COCA 
The9bit 
Lighter 
Virtuals Protocol 
Doge Strategy 
Liquid Staked ETH 
First Digital USD 
Arbitrum Bridged WBTC (Arbitrum One) 
Stacks 
Terra Luna Classic 
Sun Token 
Kinesis Gold 
Wrapped Flare 
Sei 
Aerodrome Finance 
L2 Standard Bridged WETH (Base) 
Curve DAO 
Steakhouse USDC Morpho Vault 
Celestia 
Legacy Frax Dollar 
SPX6900 
Unibase 
Tezos 
Binance-Peg XRP 
AINFT 
Ether.Fi Liquid ETH 
USDGO 
BitTorrent 
Renzo Restaked ETH 
Olympus 
Noon 
Chiliz 
sBTC 
Kinesis Silver 
Ether.fi 
Pyth Network 
Jupiter Staked SOL 
Royal Dollar 
Savings USDD 
Monad 
Zebec Network 
Jito 
Marinade Staked SOL 
DoubleZero 
The increase in trading volume seen on March 3rd in Strategy’s perpetual preferred stock product, STRC, indicated that the company was actively using this instrument to finance new Bitcoin purchases.
On that date, STRC’s daily trading volume reached approximately $198.7 million. This figure significantly exceeded the average of $123.3 million over the previous 30 days.
It was stated that $177 million of the total volume was spent above the nominal value of the share, which is $100. This level is considered the threshold at which Strategy can issue new shares by activating its “sale at market price” (ATM) program.
According to a simple calculation included in the news report, the funds obtained through this method could be enough to purchase approximately 1,000 $BTC.
Strategy, currently the largest institutional Bitcoin investor, announced on March 2nd that it had purchased 3,015 $BTC. Company founder Michael Saylor stated on March 4th that he was still making Bitcoin purchases.
The increasing STRC volume and simultaneous Bitcoin purchases indicate that the company is continuing its crypto asset accumulation using capital market instruments. Market analysts note that funding obtained through share issuance has become one of the primary financing channels for its Bitcoin strategy.
*This is not investment advice.
