STRC vs STRD

STRCSTRD

Permanent link to this comparison
21dc.com/compare/strc-vs-strd

In summary

Generated from the terms, not an opinion

STRC pays a variable rate set by the issuer; STRD pays a fixed rate.

STRD is non-cumulative: a dividend that is not declared does not accrue.

STRC pays twice a month, STRD pays quarterly.

Within Strategy Inc., STRC ranks ahead of STRD.

At the latest closes, effective yields were STRC 12.00%, STRD 14.18%, and prices stood at −0.01% vs par for STRC, −29.48% vs par for STRD.

STRCSTRDBitcoin, right axis

Daily closes, each divided into the current stated rate. As of 29 Oct 2026.

Rows above the line move with price

Term	STRC Strategy Inc.	STRD Strategy Inc.
Last close	$99.99	$70.52
vs par	−0.01%	−29.48%
Effective yield	12.00%	14.18%
Stated rate	12.00%, variable	10.00%, fixed
Rate mechanism	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.	Fixed
Cumulative	Yes	No
Frequency	twice a month	quarterly
Next payment	31 Oct 2026	—
Rank within issuer	2 (1 = most senior preferred)	5 (1 = most senior preferred)
Redemption	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.	Clean-up (<25% outstanding) and tax redemptions only, at liquidation preference plus declared and unpaid dividends.
Conversion	None	None
Listing, currency	Nasdaq, USD	Nasdaq, USD
Terms as of	30 Jun 2026	10 Jun 2025