
Investors buy STRC and SATA after June drop
- More than half of surveyed investors bought STRC or SATA after prices fell below par in June.
- Most existing holders kept their positions despite the market downturn.
- Trading volumes hit record highs as investors backed Bitcoin treasury preferred shares.
More than half of surveyed investors bought STRC or SATA after the preferred shares fell below their US$100 par value during June.
STRC and SATA are preferred shares issued by Strategy and Strive to raise funds for Bitcoin (CRYPTO:BTC) purchases.
The report said 52% of respondents bought one or both shares after June 18, while 84% of existing holders did not sell.
BitcoinTreasuries said leveraged selling in STRC and Bitcoin's fall below US$60,000 pushed both shares to new lows before they recovered.
STRC traded near US$87 and SATA near US$97 at the time of the report, while combined monthly trading volume exceeded US$10 billion.
STRC recorded US$8.7 billion in trading volume, while SATA reached almost US$1.5 billion, nearly double its May total.
BitcoinTreasuries said 78% of respondents expect the digital credit market to grow by the end of 2027, with 22% forecasting it will exceed US$50 billion.
At the time of reporting, Bitcoin price was $64,021.62.