MERCURY vs STRD
MERCURYSTRD
Permanent link to this comparison
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In summary
Generated from the terms, not an opinionMERCURY pays a fixed rate and can convert into common stock; STRD pays a fixed rate.
STRD is non-cumulative: a dividend that is not declared does not accrue.
They are issued by different companies (Metaplanet Inc., Strategy Inc.), so their claims rank against different balance sheets.
They are denominated in different currencies (JPY, USD); figures are shown without FX conversion.
Effective yield, six months
MERCURYSTRDBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | MERCURY Metaplanet Inc. | STRD Strategy Inc. |
|---|---|---|
| Last close | — | $70.52 |
| vs par | — | −29.48% |
| Effective yield | — | 14.18% |
| Stated rate | 4.90%, fixed | 10.00%, fixed |
| Rate mechanism | Fixed | Fixed |
| Cumulative | — | No |
| Frequency | quarterly | quarterly |
| Next payment | — | — |
| Rank within issuer | 2 (1 = most senior preferred) | 5 (1 = most senior preferred) |
| Redemption | — | Clean-up (<25% outstanding) and tax redemptions only, at liquidation preference plus declared and unpaid dividends. |
| Conversion | Long-dated option to convert into common at ¥1,000 (secondary source; mechanics unverified) | None |
| Listing, currency | Unlisted, JPY | Nasdaq, USD |
| Terms as of | 20 Nov 2025 | 10 Jun 2025 |