Saylor's Volatility Chart: Bitcoin at 39%, Strategy Stock at 94%

Bitcoin's 30-day volatility now matches Nvidia's at 39%, according to a chart shared by Strategy Executive Chairman Michael Saylor. Meanwhile, Strategy's 12%-yielding Stretch (STRC) preferred shares show less price movement than any of the Magnificent Seven tech companies.

The low-volatility picture is a recent development. In late June, STRC dropped to around $75, approximately 25% below its $100 par, and the company later intervened to support the price.

Bitcoin's Volatility Position Among Big Tech Stocks

The chart tracks 30-day historical volatility, a metric reflecting how much a price fluctuated in the prior month. Strategy calculated the data on its own, using figures as of October 2's market close.

Within the Big Tech group, Bitcoin (BTC) came only behind Meta's 47% and Tesla's 43%. Amazon, Alphabet, Microsoft and Apple each registered between 21% and 24%.

Bitcoin can serve very different investors. $BTC offers direct ownership, $MSTR amplified exposure, and $STRC income with less 30-day price volatility than every Mag 7 stock. Digital Capital is the foundation for Digital Equity and Digital Credit. pic.twitter.com/Jvenbigni4

— Michael Saylor (@saylor) October 4, 2026

Saylor described the three Strategy-related instruments as levels built on a single base. He sees BTC as providing direct ownership, MSTR as delivering leveraged exposure, and STRC as yielding income.

The numbers bear out that distinction. Strategy's common shares (MSTR) showed 94% volatility, precisely twice Meta's figure and far higher than Bitcoin's.

In contrast, STRC posted only 9%. That perpetual preferred security yields 12% annually, with a monthly reset intended to maintain the price near par, according to the company's website.

Will Strategy Sustain the Low Volatility of Its Yield Product?

The prior drop was due to leverage. According to Strategy CEO Phong Le, investors had taken loans at roughly 6% to capture the 12% yield, and when Bitcoin fell they faced margin calls that forced sales. He detailed this in his analysis of STRC's June price collapse.

From late July onward, Strategy has repurchased STRC shares and accumulated a reserve of about $5 billion. Consequently, the stock has recovered toward the $100 mark.

The company has also proposed a daily preferred dividend proposal for STRC holders.

Still, critics see a cost. Bitcoin skeptic Peter Schiff argues Strategy has lost its capacity to buy Bitcoin since it last sold STRC in May. The company now funds purchases mainly through MSTR sales.

Despite that, the acquisition pace remains steady. Strategy currently owns 847,666 bitcoin at an average price of $75,437. Saylor posted the purchase chart along with a brief caption.

More orange than ever.

Michael Saylor via X

For Saylor, the volatility data presents Bitcoin as the foundational layer for equity and credit instruments. Thus, STRC's stability may depend more on how long Strategy supports its par value than on Bitcoin's price swings.