STRC vs STRF

STRCSTRF

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

In summary

Generated from the terms, not an opinion

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

All are cumulative: unpaid dividends accrue.

STRC pays twice a month, STRF pays quarterly.

Within Strategy Inc., STRF ranks ahead of STRC.

At the latest closes, effective yields were STRC 12.00%, STRF 9.74%, and prices stood at −0.01% vs par for STRC, +2.67% vs par for STRF.

STRCSTRFBitcoin, 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.	STRF Strategy Inc.
Last close	$99.99	$102.67
vs par	−0.01%	+2.67%
Effective yield	12.00%	9.74%
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	Yes
Frequency	twice a month	quarterly
Next payment	31 Oct 2026	—
Rank within issuer	2 (1 = most senior preferred)	1 (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.	Issuer may redeem all (not part) only if outstanding shares < 25% of all shares ever issued (clean-up), or on a tax event, at the then liquidation preference plus accumulated/unpaid dividends. No general optional call.
Conversion	None	None
Listing, currency	Nasdaq, USD	Nasdaq, USD
Terms as of	30 Jun 2026	25 Mar 2025