MicroStrategy's perpetual preferred stock STRC sees record daily volume

The daily trading volume for STRC, the perpetual preferred stock of MicroStrategy (MSTR), reached an all-time high of $409 million, Cointelegraph reported via X. Under its corporate policy, MicroStrategy may issue and sell STRC to fund additional Bitcoin purchases. STRC features a variable annual dividend rate of 11.25%, with monthly adjustments designed to keep the share price near its $100 par value. The company has consistently employed this strategy of issuing preferred stock to raise capital for buying Bitcoin.