Michael Saylor’s strategy may purchase more Bitcoin (BTC) in the coming weeks thanks to proceeds from the sale of STRC shares.

Key conclusions: :

What are STRC shares?

Michael Saylor Strategy (MSTR) has approximately $50 billion in Bitcoin, the most ever for any public company.

Stretch (STRC) is Strategy’s income-oriented preferred stock launched in July 2025 to raise capital for its Bitcoin accumulation strategy.

The company raised approximately $2.521 billion gross and $2.474 billion net during its IPO. He then used these proceeds to acquire 21,021 BTC at an average price of approximately $117,256.

Strategy later expanded this model with the launch of its $4.2 billion at-the-market (ATM) STRC program on July 31, 2025, allowing preferred stock to be sold on a phased basis in response to market demand, rather than all at once.

How does STRC work?

The mechanism works best when STRC trades near or above the $100 target. To this end, Strategy pays investors a variable monthly rate of return, adjusting it to keep the shares close to par value.

A higher yield can support the price when it falls below par, while a lower yield can nippy demand when it rises too much above it. As of March 2026, the STRC annual rate is 11.50%, or approximately $0.958 per share per month.

In brief, STRC turns investor demand for profit into funding more BTC purchases.

For example, in January Strategy sold approximately 1.19 million shares of STRC for $119.1 million in net proceeds and $1.12 billion raised from the sale of MSTR.

The combined capital was used to purchase 13,627 BTC for approximately $1.25 billion.

In February, STRC revenues were $78.4 million used when purchasing 2486 BTC net.

Saylor could have $302 million in proceeds from STRC

According to Strategy’s estimates, he could soon raise more than $300 million through the sale of STRC preferred stock, potentially giving Michael Saylor enough clout to buy about 4,300 Bitcoins. BitcoinQuant.

The projection is based on STRC’s trading activity this week. The BitcoinQuant model shows total volume of approximately $777 million, of which approximately 97%, or $755 million, is traded above the par value of $100 per share.

At a capture rate of 40%, the model estimates net inflows of approximately $302 million, enough to purchase approximately 4,334 BTC, based on average Bitcoin prices of $68,000 to $73,000 during market hours.

On Friday alone, STRC saw a record trading volume of $188 million, meaning the potential proceeds are sufficient to fund the purchase of approximately 1,097 BTC based on the same model.

Related: Michael Saylor’s strategy buys $204 million worth of Bitcoin in its 101st purchase

However, these numbers are still speculative. The latest strategy filing it showed only $7.1 million in STRC sales, which contributed to the broader purchase of 3,015 BTC.

Whether this week’s raise in volume will translate into significantly larger Bitcoin purchases should become clearer in the company’s next SEC filing, published on March 9.