STRC vs STRK
STRCSTRK
Permanent link to this comparison
21dc.com/compare/strc-vs-strk
In summary
Generated from the terms, not an opinionSTRC pays a variable rate set by the issuer; STRK pays a fixed rate and can convert into common stock.
All are cumulative: unpaid dividends accrue.
STRC pays twice a month, STRK pays quarterly.
Within Strategy Inc., STRC ranks ahead of STRK.
At the latest closes, effective yields were STRC 12.00%, STRK 11.39%, and prices stood at −0.01% vs par for STRC, −29.78% vs par for STRK.
Effective yield, six months
STRCSTRKBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | STRC Strategy Inc. | STRK Strategy Inc. |
|---|---|---|
| Last close | $99.99 | $70.22 |
| vs par | −0.01% | −29.78% |
| Effective yield | 12.00% | 11.39% |
| Stated rate | 12.00%, variable | 8.00%, 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) | 4 (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 redemption if aggregate liquidation preference outstanding < 25% of that issued in the IPO; tax redemption at greater of liquidation preference and 5-day average price. No general optional call. |
| Conversion | None | Holder may convert any business day at 0.1000 MSTR shares per STRK share (initial conversion price $1,000.00), subject to anti-dilution adjustment. |
| Listing, currency | Nasdaq, USD | Nasdaq, USD |
| Terms as of | 30 Jun 2026 | 7 Jul 2025 |