Strategy Preferred: Selling Furniture To Pay Rent Is Fine, If The Furniture Appreciates

Strategy offers four perpetual preferred shares ('STRXs') targeting high-yield investors seeking Bitcoin exposure without direct crypto ownership. I rate STRF and STRD a BUY for their 10%+ yields, with STRF offering top liquidation priority and STRD higher yield but greater risk. I rate STRK a BUY for Bitcoin holders desiring income with potential equity upside through convertibility into MSTR common stock.

Seeking Alpha • May 13, 2026

Selling The Furniture To Pay The Rent: The Unsustainable Reality Of Strategy, Inc. Preferred

The Cash Flow Chasm: The operating business doesn't even cover 30% of its obligations. The Liquidation Loop: To pay your dividend, MSTR must either issue more equity or sell its Bitcoin. If prices drop, they must sell more coins to pay the same dividend. The variable dividend on STRC is designed to keep the price at $100 to lure new capital. However, the prospectus reveals this is a "current intention" that management can change.

Seeking Alpha • Apr 25, 2026

Is Strategy's STRC Stock a Buy for Dividend Income, or Is It a Trap?

There's a new type of Strategy shares that trades with the ticker STRC. The point of those shares is to offer monthly dividend income.

The Motley Fool • Apr 21, 2026

Strategy's Stretch Preferreds Offer An 11.5% Yield Paid Monthly

Strategy's STRC is a perpetual preferred stock with an 11.50% current yield, paid monthly. The preferred coupons are supported by USD reserves of $2.25 billion, which provide coverage for 21.8 months. MSTR recently issued around 10 million new STRC shares to fund the purchase of 13,900 BTC and can raise up to $21.6 billion using STRC.

Seeking Alpha • Apr 15, 2026

Michael Saylor on new STRC stock: Creates an on-ramp for bitcoin believers without the volatility

Michael Saylor, Strategy co-founder, joins 'Power Lunch' to discuss the company's new product launch, the stated dividend and much more.

CNBC Television • Mar 26, 2026

Strive Announces SATA Enhancements and Purchase of Bitcoin & STRC

DALLAS, March 11, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced the following updates: SATA dividend rate increased by 25 bps to 12.75%. Dividend declared of $1.0625 per share of SATA Stock to stockholders of record the close of business on April 1, 2026, payable on April 15, 2026 Targeted SATA price range narrowed to $99-$101 from $95-$105 Updated guidance to not issue SATA via ATM or follow-on offerings below $100.00 Purchased 179 additional Bitcoin since last filing and now holds approximately 13,311 BTC Purchased $50 million (500,000 shares) of Strategy Variable Rate Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC) SATA dividend reserve increased to 18 months (12 months cash and cash equivalents + 6 months STRC based on current STRC trading prices, which are subject to market conditions) from previously reported 12-month cash reserve Aggregate Bitcoin, STRC, and cash reserves cover over 19 years of SATA interest payments as of March 9th As of March 9, 2026, Strive held $143.4 million of cash and cash equivalents, of which $50 million was subsequently utilized to purchase shares of STRC, and approximately 13,311 Bitcoin.

GlobeNewsWire • Mar 11, 2026

21shares Announces Launch of Strategy Yield ETP (STRC), Offering Investors Access to the Intersection of Crypto and Traditional Finance

First equity-linked ETP from 21shares provides exposure to a bitcoin-backed digital yield instrument with a high yield income

GlobeNewsWire • Feb 25, 2026

Strategy's High-Yielding Preferred Children -- Two Buys, Two Sells

Strategy (for which I said “Sell” on 2/13/26), is more than just a stock or even bitcoin play. It's actually the parent of four high-yielding children, more specifically preferred stocks. I can dislike parent MSTR but still like one or more of its children. It's like me being a customer of Citigroup and Schwab but hating bank and brokerage stocks. My favorite child, and I think MSTR's favorite too, is a so-called treasury credit nicknamed “Stretch” with a ticker STRC. An adjustable dividend keeps the price near par. Buy.

Seeking Alpha • Feb 18, 2026

Strategy Inc (MSTR) Q4 2025 Earnings Call Transcript

Strategy Inc (MSTR) Q4 2025 Earnings Call Transcript

Seeking Alpha • Feb 7, 2026

Strategy to pay dividends on January 23; Here's how much 100 STRC shares will earn

Strategy (NASDAQ: STRC), formerly MicroStrategy, is issuing its first monthly dividend payment of 2026 next Saturday, January 31, continuing the schedule established in August last year when the company started rewarding holders of its Variable Rate Series A Perpetual shares.

Finbold • Jan 20, 2026