Strategy PP Fixed

STRK is one of several preferred stocks issued by Strategy, the company formerly known as MicroStrategy that has reinvented itself as the largest corporate holder of bitcoin. Officially the 8.00% Series A Perpetual Strike Preferred Stock, it was sold in early 2025 to raise cash the company uses mainly to buy more bitcoin. Holders receive a fixed 8% cumulative annual dividend on the $100 liquidation preference, paid quarterly, and rank ahead of MicroStrategy's common shares. What makes STRK unusual is a convertible feature: each share can convert into a fraction of MSTR common stock, so it offers bond-like income with a lottery ticket on the common's upside if the stock climbs far enough. It is best understood as a financing instrument in Strategy's bitcoin-acquisition machine, built for income buyers who still want some equity exposure.

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