STRC may help Strategy reach 1M Bitcoin milestone before BlackRock

STRC’s average daily volume implies buying power for about 1,940 BTC per day, more than four times the amount of new Bitcoin mined.

Michael Saylor’s Strategy (MSTR) may reach the 1 million Bitcoin (BTC) milestone faster than expected, potentially overtaking BlackRock in total holdings.

STRC share sales have generated cash to acquire over 3,500 BTC so far this week.

Strategy’s implied buying power could rise to roughly 5,700 BTC per day at Tuesday’s record pace.

Strategy currently holds 738,731 BTC, including the 17,994 BTC purchase announced on Monday. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) holds 775,156 BTC, or roughly 36,500 BTC more than Strategy today.

But a relatively new instrument, Strategy’s STRC preferred stock, is helping close that gap faster.

STRC currently pays an 11.50% annual dividend, distributed monthly in cash.

The dividend rate adjusts every month to encourage the stock to trade near its $100 par value, which helps limit volatility. Strategy uses the proceeds from the share sales to buy Bitcoin.

Just this week, Strategy is estimated to have purchased over 3,500 BTC after selling roughly 6 million STRC shares through its at-the-market (ATM) program, data resource STRC.LIVE shows.

Among the top STRC buyers is Bitcoin investment firm Strive.

On Wednesday, chief risk officer Jeff Walton said they acquired $50 million in STRC, noting that the allocation would generate about $5.75 million in annual income at STRC’s current yield.

That is higher than roughly $1.85 million from 13-week T-bills, a difference of about $3.90 million per year.

On Tuesday, STRC logged a record $409 million daily volume and a $138.5 million 30-day average.

Using the $138.5 million average daily trading volume and a Bitcoin price near $71,000, STRC could theoretically buy roughly 1,940 BTC per trading day, more than four times Bitcoin’s daily mined supply.

On days when STRC trading approaches its $409 million record, the implied buying power rises to around 5,700 BTC, or nearly 13 times daily mining supply.

At this rate, Strategy’s Bitcoin holdings can surpass the 1 million BTC mark by August, likely leaving behind BlackRock as well.

STRC may soon start competing with the traditional fixed-income markets, according to analyst Adam Livingston.

Global fixed-income markets outstanding reached $145.1 trillion in 2024, and US fixed income outstanding was $48.9 trillion as of Q3 2025, Livingston said in a Wednesday post, adding:

In its disclaimer, Strategy warned that STRC doesn’t guarantee returns, noting that it is “neither a bank deposit, nor FDIC insured, nor regulated in the same way.”

Strategy Analyst ColinTalksCrypto also warned that STRC can cut the dividend, its share price can fall below its $100 par value, and Strategy can issue more shares that dilute existing holders.

I’ve been seeing a lot of euphoric bullposting about $STRC.It's an interesting financial product, but I will be the black sheep and state that I personally feel it’s too risky of an investment.$STRC doesn't really give you any guarantees (despite seeming like guaranteed fixed…

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Source: CoinTelegraph