Strategy Inc.
NASDAQ: MSTR · US · 5 preferred series · EDGAR ↗ · Investor relations ↗Strategy Inc (formerly MicroStrategy) holds bitcoin as its primary treasury reserve asset and funds purchases with common equity, convertible notes and five series of perpetual preferred stock. It calls the preferred series digital credit and publishes its own metrics, such as BTC Yield, on strategy.com.
Bitcoin value$65.3bnat $77,009, 30 Oct
Preferred outstanding—awaiting a reviewed snapshot
Annual pref. dividends—at current rates
Bitcoin and cash ÷ obligations—debt + preferred at notional
Capital stack
notional, senior first| 1 | STRF | — | |
| 2 | STRC | — | |
| 3 | STRE | — | |
| 4 | STRK | — | |
| 5 | STRD | — | |
| 6 | MSTR common | residual |
Ranking per each series' filing; notionals as of —, debt as of —. Detail and history
Coverage bridge
$ · BTC at 30 OctThe bridge appears once a reviewed capital snapshot with debt and preferred notionals is recorded.
Preferred series
| Ticker | Series | Structure | Rate | Close | vs par | Eff. yield | Notional | Listed |
|---|---|---|---|---|---|---|---|---|
| STRC | Stretch | Variable, cumulative | 12.00% | $99.13 | −0.87% | 12.11% | — | 29 Jul 25 |
| STRD | Stride | Fixed, non-cumulative | 10.00% | $69.75 | −30.25% | 14.34% | — | 10 Jun 25 |
| STRE | Stream | Fixed, cumulative (EUR) | 10.00% | — | — | — | — | trading |
| STRF | Strife | Fixed, cumulative | 10.00% | $101.42 | +1.42% | 9.86% | — | 25 Mar 25 |
| STRK | Strike | Convertible, cumulative | 8.00% | $67.85 | −32.15% | 11.79% | — | 5 Feb 25 |
Capital snapshots
From the issuer's disclosures| As of | Bitcoin | Cost basis | USD reserve | Debt | Preferred | Source |
|---|---|---|---|---|---|---|
| 18 Oct 2026 | 848,517 | $64.0bn | $4.8bn | — | — | 8-K, 19 Oct 2026 ↗ |