STRF vs STRK
STRFSTRK
Permanent link to this comparison
21dc.com/compare/strf-vs-strk
In summary
Generated from the terms, not an opinionSTRF pays a fixed rate; STRK pays a fixed rate and can convert into common stock.
All are cumulative: unpaid dividends accrue.
Within Strategy Inc., STRF ranks ahead of STRK.
At the latest closes, effective yields were STRF 9.74%, STRK 11.39%, and prices stood at +2.67% vs par for STRF, −29.78% vs par for STRK.
Effective yield, six months
STRFSTRKBitcoin, right axisTerms, aligned
Rows above the line move with price| Term | STRF Strategy Inc. | STRK Strategy Inc. |
|---|---|---|
| Last close | $102.67 | $70.22 |
| vs par | +2.67% | −29.78% |
| Effective yield | 9.74% | 11.39% |
| Stated rate | 10.00%, fixed | 8.00%, fixed |
| Rate mechanism | Fixed | Fixed |
| Cumulative | Yes | Yes |
| Frequency | quarterly | quarterly |
| Next payment | — | — |
| Rank within issuer | 1 (1 = most senior preferred) | 4 (1 = most senior preferred) |
| Redemption | 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. | 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 | 25 Mar 2025 | 7 Jul 2025 |