STRC, SATA June Trading Volume Exceeds $10 Billion for Record Despite Falling Below Par
Summary
- STRC and SATA posted a record combined monthly trading volume in June even after falling below par value.
- June trading volume totaled $8.7 billion for STRC and $1.5 billion for SATA, bringing the combined figure above $10 billion, while STRC volume rose 20.8% from the previous month and 11.5% from April.
- The report said investor interest in Bitcoin-backed preferred shares remained strong even as market volatility increased.
Preferred shares STRC and SATA issued by Bitcoin-buying companies Strategy (MSTR) and Strive (ASST) posted a record combined monthly trading volume in June despite trading below par value.
CryptoPotato reported on July 10 that June trading volume totaled $8.7 billion for STRC and $1.5 billion for SATA, lifting the combined figure above $10 billion. STRC volume rose 20.8% from the previous month and 11.5% from April.
The outlet said Bitcoin's drop below $60,000 in June pushed STRC down to $75 and SATA to $97, though both preferred shares remained relatively stable.
Investor interest in Bitcoin-backed preferred shares remained strong even as market volatility increased, according to the report.
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