Breaking: STRC Stock Rise as Binance Launches Stock Trading for Strategy’s Perp Shares
Highlights
- Binance announces stock trading for Strategy's STRC perpetual preferred shares.
- This comes amid the crypto exchange's push into 24/7 stock and equity-linked perpetuals trading.
- STRC stock surges almost 2% to $89.57 in premarket trading today.
The world’s largest crypto exchange Binance has launched spot trading for Strategy’s STRC perpetual preferred stock. The stock surged almost 2% in premarket trading on Monday, extending upside momentum amid Bitcoin price recovery above $63,000.
Binance Adds Strategy’s STRC to Stock Offerings
Binance Stocks has expanded its offering to include Bitcoin treasury Strategy’s STRC stock, according to an official announcement on July 6. Users can start trading the stocks today.
The new offering aligns with Binance’s broader push into 24/7 stock and equity-linked perpetuals. It allows crypto traders to gain exposure to tradFi assets without needing traditional brokerage accounts.
Binance informed users that fully paid securities lending (FPSL) will be eligible when stock trades are fully settled. The reason behind the move is “to expand the range of trading choices offered on Binance Stocks and enhance users’ trading experience,” the leading crypto exchange added.
Binance also added Adapti Inc (ADTI), Antalpha Platform Holding Co (ANTA), Astronics Corp Class B (ATROB), Cerebras Systems (CBRS), Tema Memory ETF (DISK), Tuttle Capital Pure Play Photonics ETF (FOTO), PLUS Korea Defense Industry Index ETF (KDEF), Kurv Memory Select ETF (KMEM), and Quantinuum Inc (QNT).
As CoinGape reported recently, Binance launched perpetual futures contracts tied to Strategy’s STRC perpetual preferred stock.
Stock Jumps amid Bitcoin Recovery
STRC stock has continued to surge since Strategy increased its USD reserve to $2.55 billion, announced MSTR buyback, and increased STRC dividend to 12%.
The stock closed 0.47%% higher at $87.87 on Thursday, rebounding almost 22% last week. However, trading volume has remained low at 2.87 million while investors buy STRC stock on dips.
STRC stock is trading up almost 2% to $89.57 in premarket trading on Monday. However, the Strategy perpetual preferred share is still below $100 par value. Strategy uses proceeds raised from STRC to buy Bitcoin for its massive treasury.
Meanwhile, MSTR stock has bounced more than 3% higher to $104.35 in premarket trading. The stock rallied 21% last week.
Bitcoin pared earlier gains amid profit booking after the recent crypto market recovery, with the price currently trading near $62,900. The 24-hour low and high are $62,413 and $63,935, respectively. Furthermore, trading volume has increased by 23% over the last 24 hours, indicating a rise in interest among traders.
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