Strategy's preferred stock instrument STRC achieved $1.06 billion in trading volume on April 13, 2026, with 100% of trades clearing above the $100 par threshold that triggers the company's at-the-market (ATM) bitcoin acquisition program. The single-session volume generated an estimated $796 million in proceeds, funding the purchase of approximately 10,834 BTC—roughly 24 times the daily bitcoin mining supply.
This development represents a significant milestone for professionals working at the intersection of traditional capital markets and cryptocurrency treasury operations, demonstrating how public equity instruments can facilitate institutional-scale bitcoin accumulation.
Accelerating Capital Deployment Metrics
Strategy's recent SEC filing confirms the company generated $1.001 billion in net proceeds during the week of April 6-12, acquiring 13,927 BTC at an average price of $71,902. The capture rate—the percentage of eligible trading volume converted to ATM proceeds—reached 81%, up from 45% in early March.
Key confirmed metrics from recent weeks include:
- March 2-8: $377.1M proceeds, 5,315 BTC acquired, 45% capture rate
- March 9-15: $1.18B proceeds, 16,815 BTC acquired, 61% capture rate
- April 6-12: $1.001B proceeds, 13,927 BTC acquired, 81% capture rate
The STRC ATM program has now generated over $3.5 billion in net proceeds since inception, funding approximately 47,705 BTC in acquisitions. Strategy's total holdings stand at roughly 780,897 BTC with an average cost basis of $75,577 per coin.
Implications for Corporate Treasury Professionals
The operational mechanics behind this activity merit attention from finance professionals exploring bitcoin treasury strategies. STRC's ATM program only activates when shares trade at or above $100 par value, creating a direct link between equity market performance and bitcoin acquisition capacity.
Monday's 100% above-par trading session indicates sustained institutional demand rather than retail-driven price spikes. For corporate treasury teams and finance executives evaluating similar strategies, this data point demonstrates that properly structured equity instruments can provide consistent capital access for bitcoin purchases.
The rising capture rate suggests Strategy's execution desk has refined its approach to converting available market liquidity into bitcoin acquisitions. For professionals in capital markets operations, trading desk management, or corporate treasury roles within crypto-focused companies, this execution capability represents a case study in scaling institutional bitcoin acquisition programs through public equity markets.
As corporate bitcoin adoption expands, demand for professionals with expertise in structured finance, capital markets operations, and cryptocurrency treasury management continues to grow across the industry.
