STRC preferred stock boosts Strategy's path to 1M Bitcoin holdings ahead of BlackRock

Strategy's STRC preferred stock, which currently yields 11.50% annually with monthly cash distributions, has helped fund purchases of over 3,500 BTC so far this week. With a 30-day average STRC trading volume of $138.5 million and Bitcoin near $71,000, the structure implies potential buying capacity of around 1,940 BTC per day, and Strategy's total holdings could surpass 1 million BTC by August.