Strategy has leaned on Stretch to fund Bitcoin buys over the past 12 months as funding through senior convertible notes and at-the-market equity offerings has tightened.
Strategy’s perpetual preferred stock, STRC, the company’s primary vehicle for funding its Bitcoin purchases in 2026, hit a new daily trading volume record of $1.5 billion on Thursday.
“All-time high volume. $1.53B of liquidity,” Saylor said, referring to Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock.
Stretch offers investors an 11.5% dividend without requiring the company to dilute common shares.
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