STRC is now trading 35% of MSTR's daily share volume on a 7-day MA. SATA is at 6% of ASST.
But that's the wrong number. Run the dollar volume instead.
Over the last 30 days:
MSTR ~$2.96B/day · STRC ~$409M/day → STRC = 14% of MSTR's dollar flow
ASST ~$55M/day · SATA ~$19M/day → SATA = 35% of ASST's dollar flow
The ratio inverts because share volume hides what par-priced instruments actually move.
A SATA share trades at ~$100. An ASST share trades at ~$17. One SATA print is six ASST prints.
Of every dollar of capital touching the Strategy stack on a given day, 12¢ goes through STRC.
Of every dollar touching the Strive stack, 26¢ goes through SATA.
Strive's preferred is doing more of the work for its common than Strategy's is, proportional to the size of each ecosystem.
In absolute terms STRC is a $400M+ daily market. SATA is still a $19M one. The instrument is real on both sides.
The scale isn't comparable yet.
Watch the trajectory. STRC went from 4% of MSTR share volume in November to 35% today. Six months.
But remember, SATA is a LOT newer than STRC.
The same curve is starting to bend on SATA - 2% to 6% over the same window - just from a smaller base.
Can't wait to continue watching digital credit adoption in real time... especially with daily and semi-monthly dividends for the instruments.