Strategy’s STRC ATM has produced $2.7+ billion in volume across just two trading sessions this week, more than all of last week combined, absorbing an estimated 29,914 BTC with every single share trading above par.
Yesterday, I wrote about how Strategy’s STRC ATM had just printed its first billion-dollar volume day. Today, it did it again, bigger.
Tuesday, April 14 closed with an estimated $1.57 billion in STRC volume, 100% of it above the $100 par threshold, implying roughly 16,762 BTC absorbed in a single session. That’s 37 times the daily mined Bitcoin supply, more than a month of global issuance pulled off the market in one trading day.
Combined with Monday’s $1.17B, this week has produced $2.74 billion in STRC volume through just two sessions — and an estimated 29,914 BTC acquired via the ATM.
For context: last week’s total, confirmed via Strategy’s most recent 8-K filing, was 13,927 BTC across five full trading days.
This week has more than doubled that in 48 hours. +115%, with three sessions left.
Every share, every day
The stat that should not be buried: on both Monday and Tuesday, 100% of STRC’s traded volume cleared above the $100 par threshold. And the STRC ATM live tracker is the best way to watch it happen in real time.
That is the trigger condition for the ATM. Strategy’s variable-rate perpetual preferred is designed to convert demand into Bitcoin whenever the stock trades above par, and for two consecutive sessions, every tick has qualified. Not 84%. Not 95%. Every single share.
That’s a level of demand persistence the STRC ATM Tracker hasn’t seen before.
The acceleration, in numbers
- Last week (confirmed, 5 days): $1.00B proceeds · 13,927 BTC
- This week (2 days so far): $2.18B proceeds · 29,914 BTC
- Delta: +115% BTC, in 40% of the trading time
- ATM streak: 10 consecutive days with activity above par
At the current pace, this week is tracking toward a run rate of roughly 75,000 BTC in five days, a figure that, if it holds, would rewrite what “large corporate Bitcoin treasury” even means.
It almost certainly won’t hold. Monday and Tuesday are outliers by definition. But even a sharp deceleration over the back half of the week leaves Strategy’s STRC ATM on pace for multiples of every prior week on record. You can watch the next three sessions unfold live here.
What changed
Two things, mechanically:
- Price discipline. STRC has parked at exactly $100.00, yield 11.5%, with zero deviation. Every share that transacted, transacted at the trigger.
- Volume expansion. $1.17B to $1.57B from Monday to Tuesday is a 34% day-over-day jump on an already record-setting base. Demand isn’t just holding; it’s accelerating intraday.
The pattern Strategy has been executing, build the instrument, park it at par, let the market do the conversion, is working at a scale that was theoretical last year.
The bigger picture
In the 10 trading days since the ATM went active, the market has absorbed estimated BTC in quantities that rival multi-year treasury accumulation strategies from other corporate Bitcoin buyers. And the instrument has one job: buy more.
Today’s number is not a one-day spike. It’s the second day of a pattern. And the pattern, so far, looks like this:
Back-to-back billion-dollar weeks. Back-to-back billion-dollar days. Every single share above par. Three trading days remain in the week. Track STRC ATM here →
Get the numbers first
The ATM moves fast, but the data that matters drops on an 8-K cadence, and the story around it is worth a deeper read than a tweet can carry.
Every Monday, The STRC Report delivers the full weekly recap: confirmed 8-K data, capture rates, BTC acquisition breakdowns, and the context behind the numbers. Free, no noise, no hype, just the data.
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Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product. Live estimates only, 15-minute intervals, and full methodology at bitcoinforcorporations.com/strc-atm-tracker. All figures are tracker estimates derived from public market data, actual ATM proceeds and BTC acquisitions are disclosed in Strategy’s SEC filings.
