Glossary · S
Strife (STRF)
Strife is Strategy's name for STRF, its 10.00% Series A Perpetual Strife Preferred Stock: a fixed-rate, cumulative, quarterly-paying preferred that ranks most senior among Strategy's preferred series.
Revised 22 October 2026 · The issuer's own metric, coined by Strategy Inc. · Suggest a correction
"Strife" is Strategy's nickname for STRF, its 10.00% Series A Perpetual Strife Preferred Stock, listed on Nasdaq.
Key facts (as of 22 October 2026)
- Issued: 25 March 2025, with an initial 8,500,000 shares at $85 (certificate of designations, 8-K filed 25 March 2025; 10-Q).
- Rate: fixed 10.00% a year on a $100 stated amount, paid in cash quarterly on 31 March, 30 June, 30 September and 31 December. The most recent payment was $2.50 on 30 September 2026 (8-K, 31 August 2026).
- Cumulative, with unpaid dividends compounding at a stepped-up rate.
- Rank: most senior of Strategy's five preferred series, junior only to debt. Strategy may not issue stock ranking above STRF without the consent of a majority of STRF holders.
- Redemption: no general optional call. Redemption is possible only by clean-up (fewer than 25% of shares ever issued remain) or for a tax event.
- Holder put: on a fundamental change, at $100 plus accumulated dividends.
- Outstanding: 12,839,689 shares at 30 June 2026 (10-Q).
Coverage
Because so little ranks ahead of it, STRF had Strategy's highest illustrative BTC Rating in the August 2026 credit dashboard: about 49.3x, at an assumed bitcoin price of $77,004 (FWP, 24 August 2026).
Pending change
Strategy has proposed daily record dates for STRF, with first daily dividends expected on 4 January 2027 if holders approve at the 28 October 2026 special meeting (8-K, 25 September 2026).
What to check in the filing
- The compounding step-up and its cap
- The outcome of the daily-dividend vote