The shares are expected to begin trading on the Nasdaq Global Select Market around July 30 under the ticker STRC. This distinct equity instrument includes a variable 9% yearly dividend, dispersed monthly, and is structured to preserve trading near its $100 par worth. It marks the very first U.S. exchange-listed continuous favored security used by a Bitcoin treasury business, total with a month-to-month dividend rate.

Strategy has actually gotten 21,021 BTC for ~$2.46 billion at ~$117,256 per bitcoin and has actually attained BTC Yield of 25.0% YTD 2025. As of 7/29/2025, we hodl 628,791 $BTC gotten for ~$46.08 billion at ~$73,277 per bitcoin. $MSTR $STRK $STRF $STRD $STRC https://t.co/PEQQGfvkYe

— Michael Saylor (@saylor) July 29, 2025

This issuance stands as the biggest exchange-listed favored stock offering because 2009, providing a short-duration, income-generating security customized for yield-focused financiers. Furthermore, Strategy maintains both redemption and bought rights, along with financier securities that consist of dividend accrual and tax-related redemption alternatives.

The statement keeps in mind the participation of popular banks, specifying, “Morgan Stanley, Barclays, Moelis & Company, and TD Securities acted as joint book-running managers. The Benchmark Company, Clear Street, AmeriVet Securities, Bancroft Capital, Keefe, Bruyette & Woods, and Maxim Group LLC served as co-managers.”

Just one week prior, Strategy exposed a significant $740 million Bitcoin acquisition including 6,220 BTC, which moved its overall holdings beyond the 600,000 BTC mark. Analysts from TD Cowen quote that the business is poised to get an extra 17,000 BTC over the upcoming years under its 42/42 program, which intends to raise $84 billion for Bitcoin procurement by 2027.

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