STRC, SATA combined June trading volume hits record $10B despite price drop

The combined monthly trading volume for STRC and SATA, the preferred shares of Bitcoin-buying firms Strategy (MSTR) and Strive (ASST), reached an all-time high of $10 billion in June despite both falling below their $100 par value, CryptoPotato reported. During the period, STRC's trading volume was $8.7 billion and SATA's was $1.5 billion. STRC's volume marked a 20.8% increase from May ($7.2 billion) and an 11.5% rise from April ($7.8 billion). The media noted that as Bitcoin fell below $60,000 in June, STRC dropped to as low as $75 and SATA to $97. It added that despite this volatility, the preferred shares showed relative stability, indicating that investor interest in Bitcoin-backed preferred stock remains strong even amid market fluctuations.