Woofun AI reports that STRC and SATA preferred shares, issued by Strategy (MSTR) and Strive (ASST), achieved a record $10 billion combined trading volume in June, defying a broader cryptocurrency market downturn.

The aggregate figure was composed of $8.7 billion from STRC and $1.5 billion from SATA, Data shows. STRC’s activity marked a 20.8% increase from May’s $7.2 billion and an 11.5% rise compared to April’s $7.8 billion, highlighting accelerating liquidity in these specific instruments.

Woofun AI data shows that price action reflected underlying stress as Bitcoin fell below $60,000, a level that had previously served as strong support. Consequently, STRC dropped to $75 per share and SATA slipped to $97, both trading below their $100 par value despite the volume surge.

Analysts attribute this demand to the fixed-income-like characteristics of the instruments, which appeal to yield-seeking investors. The robust participation from both institutional and retail sectors validates the capital-raising strategies of Strategy and Strive, which rely on hybrid equity-debt products tied to Bitcoin holdings.

This divergence between spot Bitcoin volatility and the relative stability of STRC and SATA indicates a maturing market for digital asset-linked finance. The sustained engagement in June suggests traditional finance is increasingly integrating these structured products into broader portfolios.