STRC → BTC Tracker
STRC (Stretch Preferred Stock) is Strategy's (formerly MicroStrategy, NASDAQ: MSTR) 10% Series A Perpetual Strife Preferred Stock. It trades around $100 and pays a ~10% annual dividend. Strategy issues new STRC shares through an At-The-Market (ATM) offering to raise capital for Bitcoin purchases.
Strategy's "Bitcoin Engine" works by continuously issuing equity (common stock MSTR and preferred stocks like STRC, STRK, STRF) to accumulate more Bitcoin. When STRC trades at or above ~$100, Strategy sells shares via ATM, takes the proceeds (minus ~2.5% commission), and buys BTC. This creates a perpetual flywheel: issue shares → buy BTC → BTC appreciation benefits common shareholders → repeat.
This site estimates daily STRC ATM activity by analyzing trading volume at prices ≥$100 (the ATM threshold). Not all volume above $100 is ATM sales—regular trading happens too—so we apply an adjustable percentage estimate. The SEC 8-K filings section shows confirmed weekly data directly from Strategy's regulatory filings, including actual shares sold, proceeds raised, and BTC purchased.
Disclaimer: This is an independent tracker and is not affiliated with Strategy/MicroStrategy. Data is sourced from Yahoo Finance, CoinGecko, and SEC EDGAR. Estimates are approximations and should not be used for investment decisions.
| Date | STRC Close | Volume | Vol ≥ Threshold | BTC Price | Est. BTC |
|---|---|---|---|---|---|
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Formula: (Volume Above Threshold × ATM% × $100 × 97.5%) ÷ BTC Price
Shows cumulative BTC purchased with STRC proceeds over time (dates spaced accurately)
Shows what % of daily volume traded at or above the ATM threshold price. Higher % = more potential ATM activity.
| Filed | Period | STRC Shares | Net Proceeds | Est. BTC | Link |
|---|---|---|---|---|---|
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Est. BTC = STRC Net Proceeds ÷ Avg BTC Purchase Price (from weekly 8-K)