STRC, SATA June Trading Volume Tops Record $10 Billion Despite Drop Below Par

Preferred shares STRC and SATA issued by Bitcoin-buying companies Strategy (MSTR) and Strive (ASST) posted a record combined monthly trading volume in June even after both fell below par value.

CryptoPotato reported on July 10 that June trading volume totaled $8.7 billion for STRC and $1.5 billion for SATA, pushing the combined figure above $10 billion. STRC trading 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, the report said.