Analyst Estimates STRC Weekly Volume at $745M with Potential Exposure to 39,000 BTC

Strategy's perpetual preferred stock STRC recorded a single-day trading volume of $745 million this week, crypto analyst Ragnar said in a post on X cited by ChainCatcher. Ragnar estimates that with a cash realization rate of about 48% including off-exchange periods, the daily STRC flow alone could correspond to potential Bitcoin purchases of roughly 5,000 BTC, while total capital linked to STRC over the week may be equivalent to around 13,000 BTC. Based on Ragnar's calculations, when incorporating Strategy's common stock financing ratio of approximately 1:2 relative to STRC, the total potential Bitcoin buying capacity this week could reach about 39,000 BTC, though he notes these figures are market-based estimates and actual purchases depend on official company disclosures. Ragnar also notes that the broader crypto market has yet to fully enter a bull phase, highlighting that the 50-day correlation between Bitcoin and the Nasdaq 100 stands at 84%, which he suggests could mean Bitcoin faces similar downside pressure if equities undergo a correction.