Saylor’s $STRC Flywheel is Estimated to Purchase Over 3600 $BTC in One Day - Will it Last?

$STRC, the latest $BTC accumulation flywheel from DAT pioneer Michael Saylor, has just recorded its biggest day’s trading since launch. Investors seeking generous yield have poured over $659M into $STRC, enabling Strategy to acquire an estimated 3600 $BTC.

Launched in July 2025, $STRC has exploded in popularity this week, with investors clamouring to take positions in the USD-denominated yield vehicle.

The $STRC flywheel is helping to generate tremendous buy pressure for $BTC. However, critics are fearful that the model bears a strong resemblance to Terra Luna and its native stablecoin, $UST, which collapsed in 2022 in one of crypto’s most devastating market events.

$STRC Volume Generates $169M in Daily $BTC Purchases

Michael Saylor, the mastermind behind the original crypto treasury company strategy, is finally enjoying the fruits of his latest flywheel. Originally launched in July 2025, $STRC, or Strategy’s perpetual preferred stock, has exploded in popularity this week, netting multiple new all-time highs in daily volume.

After a decidedly slow start, Strategy’s $STRC flywheel is significantly accelerating the firm’s Bitcoin accumulation. In the last four days alone, the $STRC model is estimated to fund the purchase of 10,508 $BTC, currently valued at $737M. 

Saylor’s $STRC-powered accumulation scheme plays nicely into Strategy’s 42/42 plan, which aims to see the firm raise $84B in fresh capital over the next two years. 

While correlation doesn’t necessitate causation, crypto markets appear to be responding well to the projected inflow of capital. While macro markets flounder in the tumult of geopolitical tensions, $BTC has rallied ~4.3%, reclaiming the $70k level.

Transforming Demand for Yield into $BTC Buy Pressure

Similar to Strategy’s original flywheel, the $STRC model takes advantage of corporate asset structure to grow the firm’s $BTC holdings. 

Satisfying Wall Street’s appetite for high yield, Strategy sells $STRC at ~$100 a share, adjusting dividend payouts to ensure $STRC maintains a stable price. When $STRC trades below $100, Strategy ramps up dividends to spike demand. Similarly, when it trades above $100, Strategy reduces dividends to bring $STRC value back to ‘peg’.

$STRC investors earn around 11% yield on their holdings, dramatically outperforming traditional bond models and the bulk of onchain stablecoin opportunities. Funds received through $STRC issuance is used to accumulate $BTC, effectively growing the value of Strategy’s treasury.

While critics have rightly expressed skepticism towards $STRC’s high dividend payments, Saylor is adamant that the asset’s 3.1 Sharpe Ratio, a metric used to calculate risk adjusted return, illustrates exceptional value for investors. 

Is $STRC Safe?

As is often the case with flywheel-based growth mechanisms, many crypto market participants have expressed doubts surrounding $STRC sustainability. 

The money needed to pay dividends to $STRC holders must come from somewhere, and Strategy reportedly only has $2.25B in cash reserves. With $3.4B in STRC outstanding at 11.50% APY, Strategy is burning roughly $390M per year in dividend payments, which are likely to increase if the model gains more traction.

If Strategy is unable to meet dividend expectations, the firm may be required to borrow against its holdings to pay investors, or sell $BTC or $MSTR common stock to cover payments.

Concerned commentators have compared Strategy’s $STRC model to Terraform Lab’s $LUNA and $UST design. The Terra implosion and resulting $UST depeg caused one of the biggest wealth destruction moments in crypto history, wiping out over $50B in market capitalization across the two assets in a matter of days.

Additionally, pockets of the crypto community have remarked that Strategy’s aggressive Bitcoin accumulation represents a long term threat towards the decentralization of the asset itself. 

An over-concentration of $BTC in one entity is arguably counter-production to the Bitcoin thesis and value proposition, harming asset health long term.

Read More on SolanaFloor

A New CLOB Joins Solana DeFi

Archer Exchange Launches CLOB Amidst Prop AMM Spoofing Concerns

Are DATs in Trouble?