Strategy PP Variable

STRC is not a common stock but a preferred share issued by Strategy, the software-turned-bitcoin company formerly called MicroStrategy. Strategy has become the largest corporate holder of bitcoin, funding its purchases partly by selling a family of perpetual preferred securities, of which STRC is the variable-rate member. A preferred share behaves more like a bond than equity: it ranks ahead of the common stock, and holders are meant to receive a set stream of payments rather than betting purely on the share price. That makes STRC a different instrument from Strategy's common ticker, MSTR, which is the pure leveraged bet on bitcoin. Introduced in 2025 and issued from the company's Tysons Corner, Virginia base, this security ties its fortunes to Strategy's ability to service those payments, which in turn rests on the bitcoin holdings underpinning the whole structure. It is an income-oriented, crypto-linked instrument rather than a growth stock.

On MyRWA, STRC trades tokenized across 25 on-chain venues - see the listings below.