STRC Stock Emerges as Most Liquid Preferred Stock Amid Bitcoin Buying Speculation

Strategy's STRC preferred stock has claimed the top spot as the most liquid preferred security on the market this month, averaging $296 million in daily trading volume — far outpacing competitors like BA, KKR, and FOUR preferred stocks, which average $35.8 million, $33.5 million, and $27.6 million respectively. Even Strategy's own preferred offerings — STRK, STRF, and STRD — trail significantly behind, each averaging under $19 million daily.

Much of STRC's surging demand is tied to its attractive 11.50% dividend yield, which has drawn growing interest from both retail and institutional investors. Among the notable institutional backers, Bitcoin treasury company Strive recently allocated $50 million — more than one-third of its corporate treasury — to STRC. Strive CEO Matt Cole cited the instrument's strong yield profile, price stability, and deep liquidity as key reasons for the allocation. Other institutional investors, including Prevalon Energy, Anchorage Digital, and OranjeBTC, have also disclosed positions in the stock.

Michael Saylor publicly highlighted the milestone on X, while Strategy CEO Phong Le pointed to the stock's resilience, noting it consistently traded at par value of $100 over the ten days ending March 11, even as volume surged more than fivefold. The stock recently dipped slightly to $99.75, though daily volume remained strong at $298 million.

Beyond its yield appeal, STRC has become a critical engine in Strategy's Bitcoin accumulation strategy. Last week, the company raised $377.1 million through STRC share sales, using the proceeds to partially fund a $1.28 billion Bitcoin purchase totaling 17,994 BTC. Analysts at STRC.live estimate the company may have acquired over 11,000 BTC this week through the same mechanism. Polymarket prediction markets currently place a 98% probability that Strategy will announce a purchase exceeding 1,000 BTC by March 16, underscoring the market's confidence in the company's continued accumulation strategy.