MORE vs STRC
MORESTRC
Permanent link to this comparison
21dc.com/compare/more-vs-strc
In summary
Generated from the terms, not an opinionAll 2 pay a variable rate.
All are cumulative: unpaid dividends accrue.
MORE pays weekly, STRC pays twice a month.
They are issued by different companies (Smarter Web Company PLC, Strategy Inc.), so their claims rank against different balance sheets.
They are denominated in different currencies (GBP, USD); figures are shown without FX conversion.
At the latest closes, effective yields were MORE 13.56%, STRC 12.00%, and prices stood at −11.50% vs par for MORE, −0.01% vs par for STRC.
Effective yield, six months
MORESTRCBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | MORE Smarter Web Company PLC | STRC Strategy Inc. |
|---|---|---|
| Last close | £88.50 | $99.99 |
| vs par | −11.50% | −0.01% |
| Effective yield | 13.56% | 12.00% |
| Stated rate | 12.00%, variable | 12.00%, variable |
| Rate mechanism | Set by issuer | Issuer may set the rate each period at its sole discretion, but may not cut it (i) by more than 25bp plus the decline in one-month term SOFR over the prior period, or (ii) below one-month term SOFR; no cut allowed while any accumulated dividends are unpaid. Rate announced via strategy.com/strc. |
| Cumulative | Yes | Yes |
| Frequency | weekly | twice a month |
| Next payment | — | 31 Oct 2026 |
| Rank within issuer | 1 (1 = most senior preferred) | 2 (1 = most senior preferred) |
| Redemption | Company has a redemption right; terms unverified (see prospectus). | Optional redemption of all or part at $101 (or higher at issuer's discretion) plus accumulated/unpaid dividends, any time after listing; partial redemption only if >= $250m stated amount remains outstanding. Also clean-up (<25% outstanding) and tax redemptions at liquidation preference. |
| Conversion | None | None |
| Listing, currency | LSE, GBP | Nasdaq, USD |
| Terms as of | 14 Oct 2026 | 30 Jun 2026 |