The increased funding for the STRC is boosting potential Bitcoin purchasing power, but the crypto market structure has not yet fully shifted to a bull market.

CoinFeed reported on March 14th that crypto analyst Ragnar stated on the X platform that Strategy's perpetual preferred stock (STRC) saw a single-day trading volume of $745 million this week. Based on an estimated 48% liquidity conversion rate (including off-exchange trading), this single income-generating instrument, STRC, could potentially correspond to a purchase of approximately 5,000 Bitcoins on that day. Further calculations suggest that the funds related to STRC this week may have already corresponded to approximately 13,000 Bitcoins. Considering the approximately 1:2 financing ratio between STRC and Strategy's common stock, the potential Bitcoin purchase this week could reach approximately 39,000 Bitcoins. This scale is equivalent to adding a large Bitcoin holding company in one transaction. However, the analyst cautioned that the above figures are market estimates, and the actual purchase size will depend on the company's disclosures.