Strategy Inc 10.00% Series A Perpetual Strife Preferred Stock

Strife, as Strategy nicknamed this security, is the senior-most preferred stock issued by the bitcoin-holding company once known as MicroStrategy. It pays a fixed 10% dividend on a $100 stated value, and unlike the junior Stride shares its dividend is cumulative: any missed payment accrues and compounds, at a rate that steps up toward 18% until the company catches up. It has no conversion into common stock, so it behaves like a high-yield fixed-income instrument rather than an equity bet, which tends to make its price steadier than Strategy's other listed securities. The company issues preferreds like this to fund bitcoin purchases, which means holders are trusting Strategy to keep servicing the dividend. The draw is a double-digit yield with a senior claim; the risk is the health of a company tethered to bitcoin's price.

On MyRWA, STRF trades tokenized across 1 on-chain venue - see the listings below.