PreferredActive$STRDBTC
Stride
$128.64▼ 0.17%
BTC Holdings
766,970 BTC
Total Debt
$18.60B
Leverage
10.9%
mNAV
0.82x
Notional
$1.40B
Issue date
2025-07-13
Price
$76.00▲ 1.13%
Dividend / Share
$10/yr
Face Value
$100
Eff. Yield
13.16%
Mkt Cap
$1.07B
Shares Outs.
14,020,000
Market ClosedApr 12, 2026 20:14 UTC
- Non-convertible
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Junior to STRF, STRC, STRE, and STRK; senior to common stock only; junior to all indebtedness
- Liquidation preference
- $100 per share initially; adjusts daily to greatest of: stated amount, last sale price if traded in prior 10 days, 10-day trailing average sale price
- Cumulative
- No
- Payment frequency
- Quarterly
- Payment dates
- Mar 31, Jun 30, Sep 30, Dec 31
- Rate type
- Fixed
- Call provision
- Redeemable for cash if outstanding shares < 25% of total originally issued. Also redeemable upon certain tax events.
- Put provision
- At repurchase price per certificate of designations upon fundamental change
- Use of proceeds
- General corporate purposes, including the acquisition of bitcoin and for working capital
Sources(2)
- STRIDE Preferred Stock Te…WebsiteSTRIDE Preferred Stock TermsStrategy Inc. — 2026-02-03
- Form 8-K (STRD preferred …FilingForm 8-K (STRD preferred stock)Items 1.01/8.01Strategy Inc. — 2025-06-06
Participants
Holders & Underwriters(4)
- Form 8-K (STRD preferred …Barclays Capital Inc.underwriteras of 2025-06-06Joint book-running manager
- Form 8-K (STRD preferred …Morgan Stanley & Co. LLCunderwriteras of 2025-06-06Joint book-running manager
- Form 8-K (STRD preferred …Moelis & Company LLCunderwriteras of 2025-06-06Joint book-running manager
- Form 8-K (STRD preferred …TD Securities (USA) LLCunderwriteras of 2025-06-06Joint book-running manager
Outstanding History
Outstanding history(29)
| As of | Shares Outstanding | Source |
|---|---|---|
| 2026-02-22 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2026-02-16 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2026-02-08 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2026-02-01 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2026-01-19 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2026-01-11 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2026-01-04 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-31 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-28 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-21 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-14 | 14,020,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-07 | 13,190,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-30 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-16 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-09 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-02 | 12,830,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-26 | 12,810,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-19 | 12,740,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-05 | 12,650,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-21 | 12,650,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-14 | 12,650,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-07 | 12,480,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-24 | 12,470,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-17 | 12,470,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-10 | 12,350,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-03 | 12,350,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-27 | 12,350,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-20 | 12,350,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-13 | 12,320,000 | Weekly 8-K ATM Updates (M… |
- 2026-02-22 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2026-02-16 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2026-02-08 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2026-02-01 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2026-01-19 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2026-01-11 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2026-01-04 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-31 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-28 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-21 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-14 — 14,020,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-07 — 13,190,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-30 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-16 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-09 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-02 — 12,830,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-26 — 12,810,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-19 — 12,740,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-05 — 12,650,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-21 — 12,650,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-14 — 12,650,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-07 — 12,480,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-24 — 12,470,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-17 — 12,470,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-10 — 12,350,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-03 — 12,350,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-27 — 12,350,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-20 — 12,350,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-13 — 12,320,000 sharesWeekly 8-K ATM Updates (M…