STRCStretch preferred stock
STRC · 15m · LEGENDOHLC
STRC
Stretch preferred stock
Today’s move
Updated - ago
STRC is down 0.54% at $99.38 on $4.4M volume as the preferred stock pulls back slightly toward its $100 par milestone following its recent transition to a daily dividend payment schedule.1
About
Strategy Inc, formerly known as MicroStrategy, is an American company headquartered in Tysons Corner, Virginia, originally founded in 1989 as an enterprise analytics and business-intelligence software firm. Beginning in 2020 the company adopted Bitcoin as its primary treasury reserve asset and has since become the largest corporate holder of Bitcoin, reorienting its identity around a Bitcoin treasury strategy while continuing to operate its software business. STRC refers specifically to the company’s Variable Rate Series A Perpetual Stretch Preferred Stock, a class of preferred shares that pays cumulative cash dividends at a variable rate. The dividend rate is adjusted with the aim of keeping the security’s market price near its stated value of 100 dollars per share. As a perpetual preferred instrument, it is a financing vehicle within Strategy’s broader capital structure.