About / Securities · STRC · MSTR · Tape
$STRC Strategy
Stretch (STRC) is Strategy's variable-rate perpetual preferred stock. It offers cash dividends at an adjustable rate and has no scheduled maturity date.
Calculate your STRC dividend income →
12.00%
dividend rateSTRC SNAPSHOT
$100
93.162M
$9.316B
$1.118B
STRC MARKET
Loading…
STRC PRICE VS $100
Loading…
NOTIONAL OUTSTANDING
ANNUALIZED DIVIDEND OBLIGATION
DIVIDEND RATE HISTORY
STRC · REPURCHASES
$1.17B
$1.12B
$140.8M
TERMS
Semi-monthly
$100
Monthly
Perpetual · non-convertible
CAPITAL EVENTS
| DATE | EVENT | STRC | CAPITAL |
|---|---|---|---|
| 25-07-29 | IPO | +28,011,111 | +$2.47B net / +$2.52B gross |
| 25-12-31 | ATM period | +1,575,952 | +$157.2M net |
| 26-03-31 | ATM period | +20,659,450 | +$2.06B net |
| 26-06-29 | Repurchase program auth | — | $1.00B auth |
| 26-06-30 | ATM period | +54,648,192 | +$5.46B net |
| 26-07-26 | Repurchase | −288,930 | −$25.0M |
| 26-08-02 | Repurchase | −912,143 | −$81.2M |
| 26-08-09 | Repurchase | −1,152,020 | −$108.6M |
| 26-08-16 | Repurchase | −1,388,720 | −$132.2M |
| 26-08-23 | Repurchase | −1,431,212 | −$136.4M |
| 26-08-30 | Repurchase | −1,557,177 | −$151.8M |
| 26-09-07 | Repurchase | −1,810,885 | −$176.3M |
| 26-09-08 | Repurchase auth increase | — | $2.00B auth |
| 26-09-13 | Repurchase | −1,420,467 | −$139.3M |
| 26-09-20 | Repurchase | −1,771,238 | −$174.0M |
METHODOLOGY & SOURCES
Notional = STRC outstanding × $100 stated amount. Annualized dividend = notional × applicable stated dividend rate.
Sources: Strategy disclosures & SEC filings
View source filingsHide source filings
- 424B5 · 25-07-25 — STRC IPO 424B5 — 28,011,111 shares @ $90; estimated net proceeds ~$2.474B; initial rate 9.00%
- 8-K · 25-07-29 — STRC IPO closing 8-K — 28,011,111 shares issued; COD filed; gross ~$2.521B; initial monthly rate 9.00%
- 8-K · 25-07-31 — STRC ATM Sales Agreement — up to $4.2B aggregate offering price
- 8-K · 25-09-02 — Rate 9.00% → 10.00% effective monthly periods on/after Sep 1, 2025
- 8-K · 25-09-30 — Rate 10.00% → 10.25% effective monthly periods on/after Oct 1, 2025
- 10-Q · 25-11-03 — Q3 2025 10-Q — 28,011,111 STRC as of Sep 30, 2025; IPO net ~$2,473.8M
- 8-K · 25-10-30 — Rate 10.25% → 10.50% effective monthly periods on/after Nov 1, 2025
- 8-K · 25-12-01 — Rate 10.50% → 10.75% effective monthly periods on/after Dec 1, 2025
- 8-K · 26-01-02 — Rate 10.75% → 11.00% effective monthly periods on/after Jan 1, 2026
- 8-K · 26-02-02 — Rate 11.00% → 11.25% effective monthly periods on/after Feb 1, 2026
- 10-K · 26-02-19 — 2025 Form 10-K — 29,587,063 STRC as of Dec 31, 2025; Q4 ATM 1,575,952 shares; net ATM proceeds $157.221M
- 8-K · 26-03-02 — Rate 11.25% → 11.50% effective monthly periods on/after Mar 1, 2026
- 8-K · 26-03-23 — Additional STRC ATM annex up to $21.0B (in addition to remaining prior $4.2B capacity)
- 10-Q · 26-05-06 — Q1 2026 10-Q — 50,246,513 STRC as of Mar 31; Q1 ATM 20,659,450 shares; net ~$2,062.677M
- 8-K · 26-06-08 — Stockholder approval — STRC dividend frequency monthly → semi-monthly
- 8-K · 26-06-15 — A&R STRC COD effective Jun 30, 2026 — semi-monthly; transitional Jul 15 dividend at 11.50%
- 8-K · 26-06-29 — Digital Credit Capital Framework — $1.0B repurchase program; STRC rate to 12.00% for record dates on/after Jul 1, 2026
- 10-Q · 26-08-03 — Q2 2026 10-Q — 104,894,705 STRC as of Jun 30; Q2 ATM 54,648,192 shares; net ~$5,455.658M; ATM remaining ~$17.51B
- 8-K · 26-07-06 — Weekly 8-K — Jun 29–Jul 5: no share repurchases under programs
- 8-K · 26-07-13 — Weekly 8-K — Jul 6–12: no share repurchases under programs
- 8-K · 26-07-20 — Weekly 8-K — Jul 13–19: no share repurchases under programs
- 8-K · 26-07-27 — Weekly 8-K — Jul 20–26: STRC 288,930 / $25.0M; remaining $975.0M
- 8-K · 26-08-03 — Weekly 8-K — Jul 27–Aug 2: STRC 912,143 / $81.2M; remaining $893.8M
- 8-K · 26-08-10 — Weekly 8-K — Aug 3–9: STRC 1,152,020 / $108.6M; remaining $785.2M
- 8-K · 26-08-17 — Weekly 8-K — Aug 10–16: STRC 1,388,720 / $132.2M; remaining $653.0M
- 8-K · 26-08-24 — Weekly 8-K — Aug 17–23: STRC 1,431,212 / $136.4M; remaining $516.6M
- 8-K · 26-08-31 — Weekly 8-K — Aug 24–30: STRC 1,557,177 / $151.8M; remaining $364.8M
- 8-K · 26-09-01 — Maintain STRC rate 12.00% for semi-monthly periods commencing on/after Sep 16, 2026
- 8-K · 26-09-08 — Weekly 8-K — Aug 31–Sep 7: STRC 1,810,885 / $176.3M USD Cash; authorization $1.0B→$2.0B; remaining $1.19B
- 8-K · 26-09-14 — September 14 weekly repurchases — 1,420,467 STRC shares for $139.3M
- 8-K · 26-09-21 — September 21 weekly update — 950 BTC purchased; 1,771,238 STRC repurchased for $174.0M