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Strategy’s preferred stock STRC continues to trade under $90 as trading volume climbs
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Strategy’s preferred stock Stretch (STRC) continued to drift lower on Thursday, after locking in its lowest close to date on Wednesday.
Key facts
- STRC, or the Variable Rate Series A Perpetual Stretch Preferred Stock, was designed to trade at $100 by offering a variable dividend, currently at 12.9%, and adjusted monthly
- Thursday represents one of STRC's highest-volume days on record, with some 10.7 million shares exchanged, compared to the normal average daily volume of roughly 3.4–3.5 million shares, according
- This also appears to be the longest STRC has traded below $90, the price at which it debuted during Strategy’s initial public offering in July 2025
- TD Cowen published a Strategy research note on Thursday, maintaining a Buy rating on the company’s common stock, (MSTR), with a $400 price target, and on its suite of preferred stocks, including STRC
Summary
STRC, or the Variable Rate Series A Perpetual Stretch Preferred Stock, was designed to trade at $100 by offering a variable dividend, currently at 12.9%, and adjusted monthly. Thursday represents one of STRC's highest-volume days on record, with some 10.7 million shares exchanged, compared to the normal average daily volume of roughly 3.4–3.5 million shares, according to STRC.live. This also appears to be the longest STRC has traded below $90, the price at which it debuted during Strategy’s initial public offering in July 2025. TD Cowen published a Strategy research note on Thursday, maintaining a Buy rating on the company’s common stock, (MSTR), with a $400 price target, and on its suite of preferred stocks, including STRC.