Strategy Inc.: capital stack
Claims on the company in order of priority. Debt is paid first, then preferred series by rank, then common shareholders take what remains. The coverage figures below compare those claims at notional with bitcoin holdings and cash, at the latest bitcoin price and at multiples of it.
Ranking and notional
as of 18 Oct 2026| 1 | STRF | — | |
| 2 | STRC | — | |
| 3 | STRE | — | |
| 4 | STRK | — | |
| 5 | STRD | — | |
| 6 | MSTR common | residual |
Source: 8-K, 19 Oct 2026 ↗
Coverage bridge
Shown once a reviewed snapshot with debt and preferred notionals is recorded.