STRC — Strategy's Perpetual Preferred Stock

STRC is Strategy's perpetual preferred stock, listed on the Nasdaq. It pays an 11.50% annual dividend distributed monthly in cash, with the rate adjusted each month to encourage trading close to its $100 par value — making it a predictable income instrument with low price volatility. STRC is available on most major brokerage platforms.

As preferred stock, STRC sits below debt but above common equity in Strategy's capital structure. In the event of liquidation, preferred stockholders are paid before common shareholders, giving STRC a degree of protection that pure equity does not offer. Strategy's holdings of over 800,000 Bitcoin provide a substantial asset base underpinning the instrument.

Strategy (formerly MicroStrategy) is a Nasdaq-listed business intelligence and Bitcoin treasury company, founded in 1989. Under executive chairman Michael Saylor — one of the world's most prominent Bitcoin advocates — Strategy has made Bitcoin accumulation central to its corporate model, positioning itself as the world's largest corporate holder of Bitcoin.