ChainCatcher report: According to crypto analyst Ragnar’s post on X, Strategy’s perpetual preferred stock, STRC, achieved a daily trading volume of $745 million this week. Estimating a cash realization rate of approximately 48% (including off-exchange trading periods), the single-day yield from STRC alone may correspond to a potential Bitcoin purchase volume of around 5,000 BTC. Further calculations suggest that the total capital volume tied to STRC this week may equate to approximately 13,000 BTC. If combined with Strategy’s common stock financing ratio of roughly 1:2 relative to STRC, the potential Bitcoin purchase volume this week could reach about 39,000 BTC—an amount equivalent to the holdings of a major Bitcoin-investing company. However, the analyst cautions that these figures are market estimates, and actual purchase volumes remain subject to official company disclosures. Additional analysis notes that the broader crypto market has not yet fully transitioned into a bull phase; the 50-day correlation between Bitcoin and the Nasdaq 100 remains high at 84%, suggesting that if equities experience a correction, Bitcoin may face similar downward pressure.
STRC weekly trading volume reaches $745M, potentially equivalent to 39,000 BTC in purchasing power.
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Summary
According to ChainCatcher, the trading volume of the strategy perpetual preferred stock STRC reached $745 million this week. Analyst Ragnar estimates that a 48% funding realization rate could link STRC to a potential 5,000 BTC purchase. Weekly STRC-related trading activity may correspond to 13,000 BTC. Factoring in the 1:2 financing ratio with common stock, total BTC buying potential could reach 39,000. The analyst notes these are market estimates, and actual figures depend on company disclosures. Another analysis shows the crypto market remains in a muted phase, with Bitcoin and the Nasdaq 100 at an 84% 50-day correlation, suggesting possible downward pressure if stocks decline.
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