Bitcoin 
Ethereum 
Tether 
XRP 
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USDC 
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TRON 
Lido Staked Ether 
Figure Heloc 
Dogecoin 
WhiteBIT Coin 
USDS 
LEO Token 
Hyperliquid 
Wrapped stETH 
Cardano 
Bitcoin Cash 
Wrapped Bitcoin 
MemeCore 
Binance Bridged USDT (BNB Smart Chain) 
Monero 
Wrapped Beacon ETH 
Chainlink 
Stellar 
Canton 
Wrapped eETH 
Zcash 
Ethena USDe 
sUSDS 
Dai 
Litecoin 
USD1 
Coinbase Wrapped BTC 
Avalanche 
Hedera 
PayPal USD 
WETH 
Rain 
Sui 
Shiba Inu 
USDT0 
Toncoin 
Cronos 
Circle USYC 
Tether Gold 
World Liberty Financial 
BlackRock USD Institutional Digital Liquidity Fund 
Bittensor 
Ethena Staked USDe 
Global Dollar 
PAX Gold 
Polkadot 
Mantle 
Uniswap 
Sky 
Falcon USD 
NEAR Protocol 
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Pi Network 
Little Pepe 
HTX DAO 
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syrupUSDC 
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Jupiter Perpetuals Liquidity Provider Token 
Pump.fun 
Quant 
United Stables 
Spiko EU T-Bills Money Market Fund 
POL (ex-MATIC) 
Jito Staked SOL 
Ethena 
Kaspa 
Kelp DAO Restaked ETH 
Cosmos Hub 
Render 
Binance-Peg WETH 
Algorand 
Rocket Pool ETH 
NEXO 
USDtb 
Binance Bridged USDC (BNB Smart Chain) 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
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Kinetiq Staked HYPE 
币安人生 (BinanceLife) 
tBTC 
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WrappedM by M0 
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Virtuals Protocol 
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Venice Token 
Stacks 
c8ntinuum 
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Mantle Staked Ether 
Janus Henderson Anemoy AAA CLO Fund 
Tezos 
Polygon PoS Bridged DAI (Polygon POS) 
Ether.fi 
Resolv wstUSR 
Sei 
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Monad 
USX 
Sun Token 
Doge Strategy 
Liquid Staked ETH 
Kinesis Gold 
Arbitrum Bridged WBTC (Arbitrum One) 
PRIME 
Aerodrome Finance 
Decred 
Curve DAO 
Wrapped Flare 
Celestia 
AINFT 
L2 Standard Bridged WETH (Base) 
RaveDAO 
Steakhouse USDC Morpho Vault 
Injective 
Lido DAO 
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BitTorrent 
Binance-Peg XRP 
Bitcoin SV 
Ether.Fi Liquid ETH 
SPX6900 
Renzo Restaked ETH 
Conflux 
FLOKI 
Noon 
sBTC 
DoubleZero 
Kinesis Silver 
crvUSD 
Jupiter Staked SOL 
Kaia 
Savings USDD 
USDai 
JasmyCoin 
Legacy Frax Dollar 
Marinade Staked SOL 
Ape and Pepe 
Arbitrum Bridged WETH (Arbitrum One) 
Maple Finance 
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.
