MicroStrategy Shares Jump 8.16% After Clarity Act Vote; STRC Volume Hits $1.53B Record
The Senate Banking Committee approved the Digital Asset Clarity Act by a 15-9 vote, lifting crypto equities and pushing MicroStrategy shares up 8.16% with a clear SEC vs CFTC jurisdiction framework. Its Series A Perpetual Stretch Preferred Stock also set a $1.53 billion daily volume record, surpassing the previous $1.1 billion high.
1. Senate Committee Approves Digital Asset Clarity Act
On May 14, the Senate Banking Committee passed the Digital Asset Clarity Act by a 15-9 vote, defining which tokens fall under SEC securities rules versus CFTC commodity oversight. This legislative clarity fueled an 8.16% gain in MicroStrategy shares and triggered over $250 million in crypto short-covering within hours.
2. Preferred Stretch Stock Volume Hits New Peak
MicroStrategy’s Series A Perpetual Stretch Preferred Stock recorded an all-time high daily trading volume of $1.53 billion, eclipsing its prior $1.1 billion record. The preferred shares carry an 11.5% dividend and have been a key funding source for the purchase of roughly 77,000 BTC, underscoring robust investor demand.