Markets
What’s the Big Deal? (Hint: It’s Not a Matzo Ball)
- Strategy’s STRC stock went hog wild, trading $1.53 billion on Thursday-that’s more than four times its usual snooze-fest average! Most shares were priced like a fancy steak dinner at $100 or more.
- But hey, Friday’s pre-market trading was like a bad sequel-STRC dropped nearly 1%, Bitcoin slipped to $80,500, and the common stock took a 2% nosedive. Drama, drama, drama!
Disclaimer: The author owns shares in Strategy (MSTR). No, they’re not using it to buy a castle in Transylvania.
Stretch (STRC), the perpetual preferred stock from Strategy (MSTR)-aka the Bitcoin Hoarders Inc.-hit a record $1.53 billion in trading volume on Thursday. That’s enough to make even Uncle Scrooge McDuck jealous!
According to BitcoinQuant, this frenzy helped Strategy scoop up 11,707 bitcoins through their ATM program. Yes, they’re basically printing money to buy more money. Genius or madness? You decide!
Most STRC shares traded at or above their $100 par value, because who doesn’t love a good bargain? Thursday’s trading was four times the usual daily volume of $331 million. And let’s not forget the juicy 11.5% annual dividend, paid monthly in cold, hard cash. Ka-ching!
Pro tip: Trading volume in dividend-paying securities spikes like a Mel Brooks comedy before the ex-dividend date. Why? Because everyone wants their piece of the pie before it’s gone!
Friday was STRC’s ex-dividend date, so naturally, the shares dropped to $99.12 in pre-market trading, down nearly 1%. Classic “after the party” blues. Meanwhile, Bitcoin took a nap at $80,500, dragging MSTR common stock down 2%. Oh, the humanity!
Read More
- USD CNY PREDICTION
- USD BRL PREDICTION
- Gold Rate Forecast
- Silver Rate Forecast
- USD THB PREDICTION
- EUR HKD PREDICTION
- USD KRW PREDICTION
- EUR HUF PREDICTION
- GBP CNY PREDICTION
- USD VND PREDICTION
2026-05-15 12:25