Binance has added spot trading for Strategy’s STRC perpetual preferred stock after the Bitcoin treasury firm sold 3,588 BTC for $216 million and increased its USD reserves to $2.55 billion.
Summary
- Binance has launched spot trading for Strategy’s STRC preferred stock alongside several new stock listings.
- Strategy sold 3,588 BTC for $216 million to fund Digital Credit dividends while retaining 843,775 BTC.
- STRC and MSTR climbed in premarket trading as Bitcoin held near $62,900 after a recent rebound.
According to an official announcement published on July 6, Binance Stocks has listed Strategy’s STRC perpetual preferred stock for spot trading, allowing users to trade the security through the exchange’s stock platform. The listing extends Binance’s lineup of tokenized stock offerings and follows the recent launch of perpetual futures linked to the same security.
The exchange said fully paid securities lending (FPSL) will become available once stock trades are fully settled. Binance stated that the addition is intended to offer users more trading choices on Binance Stocks.
Alongside STRC, the platform also listed Adapti Inc. (ADTI), Antalpha Platform Holding Co. (ANTA), Astronics Corp Class B (ATROB), Cerebras Systems (CBRS), Tema Memory ETF (DISK), Tuttle Capital Pure Play Photonics ETF (FOTO), PLUS Korea Defense Industry Index ETF (KDEF), Kurv Memory Select ETF (KMEM), and Quantinuum Inc. (QNT).
Strategy continues raising capital for its Bitcoin treasury
The listing comes as Strategy continues using its preferred securities to finance its Bitcoin acquisition strategy. According to a Strategy press release issued on July 6, the company sold 3,588 Bitcoin for $216 million to fund dividend payments tied to its Digital Credit securities rather than to reduce its long-term Bitcoin exposure.
Executive Chairman Michael Saylor said on X that Strategy now holds 843,775 BTC alongside $2.55 billion in U.S. dollar reserves following the transaction. The company described the sale as part of its funding plan for dividend obligations linked to its credit products.
Earlier this year, Strategy also sold 32 BTC to support preferred stock distributions. As previously reported by crypto.news, that transaction was relatively small but attracted attention because the company has consistently promoted a long-term Bitcoin accumulation strategy. The latest sale is considerably larger, making it more closely watched by market participants given Strategy’s position as the world’s largest publicly traded corporate Bitcoin holder.
STRC and MSTR extend gains before the opening bell
Trading activity has remained positive for Strategy’s securities despite the recent Bitcoin sale. STRC closed 0.47% higher at $87.87 in the previous session after climbing nearly 22% last week. Premarket data on Monday showed the preferred stock rising almost 2% to $89.57, although it continued trading below its $100 par value.
The recent strength follows Strategy’s decision to raise its USD reserve balance to $2.55 billion, announce a buyback program for MSTR shares, and increase the annual dividend on STRC to 12%, developments cited by the original market report as supporting investor demand.
Meanwhile, MSTR shares gained more than 3% in premarket trading to $104.35 after advancing 21% over the previous week.
In the crypto market, Bitcoin gave back part of its earlier rally as traders booked profits following the recent rebound. The cryptocurrency was trading near $62,900 at the time of the report, while 24-hour trading volume had increased by 23%, indicating higher market activity as investors monitored both Strategy’s capital actions and the company’s continued use of preferred securities to fund its Bitcoin treasury.
