PreferredActive$STRFBTC
Strife
$128.64▼ 0.17%
BTC Holdings
766,970 BTC
Total Debt
$18.60B
Leverage
10.9%
mNAV
0.82x
Notional
$1.28B
Issue date
2025-06-01
Price
$97.22▲ 0.11%
Dividend / Share
$10/yr
Face Value
$100
Eff. Yield
10.29%
Mkt Cap
$1.25B
Shares Outs.
12,840,000
Market ClosedApr 12, 2026 20:14 UTC
- Non-convertible
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior to STRC, STRE, STRK, STRD, and common stock; junior to all indebtedness (including convertible notes)
- 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
- Yes
- 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)
- STRIFE Preferred Stock Te…WebsiteSTRIFE Preferred Stock TermsStrategy Inc. — 2026-02-03
- Form 8-K (STRF preferred …FilingForm 8-K (STRF preferred stock)Items 1.01/8.01Strategy Inc. — 2025-03-21
Participants
Holders & Underwriters(8)
- Form 8-K (STRF preferred …Morgan Stanley & Co. LLCunderwriteras of 2025-03-21Joint book-running manager
- Form 8-K (STRF preferred …Barclays Capital Inc.underwriteras of 2025-03-21Joint book-running manager
- Form 8-K (STRF preferred …Citigroup Global Markets Inc.underwriteras of 2025-03-21Joint book-running manager
- Form 8-K (STRF preferred …Moelis & Company LLCunderwriteras of 2025-03-21Joint book-running manager
- Form 8-K (STRF preferred …Cantor Fitzgerald & Co.underwriteras of 2025-03-21Joint book-running manager
- Form 8-K (STRF preferred …Keefe, Bruyette & Woods, Inc.underwriteras of 2025-03-21Joint book-running manager
- Form 8-K (STRF preferred …Mizuho Securities USA LLCunderwriteras of 2025-03-21Joint book-running manager
- Form 8-K (STRF preferred …SG Americas Securities, LLCunderwriteras of 2025-03-21Joint book-running manager
Outstanding History
Outstanding history(34)
| As of | Shares Outstanding | Source |
|---|---|---|
| 2026-02-22 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2026-02-16 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2026-02-08 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2026-02-01 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2026-01-19 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2026-01-11 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2026-01-04 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-31 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-28 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-21 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-14 | 12,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-07 | 12,660,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-30 | 12,660,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-16 | 12,660,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-09 | 12,620,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-02 | 12,430,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-26 | 12,350,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-19 | 12,160,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-05 | 11,850,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-21 | 11,730,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-14 | 11,540,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-07 | 11,200,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-24 | 10,820,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-17 | 10,550,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-10 | 10,360,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-03 | 10,220,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-27 | 10,220,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-20 | 10,220,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-13 | 10,220,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-29 | 9,670,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-22 | 9,370,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-15 | 9,280,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-08 | 8,980,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-01 | 8,530,000 | Weekly 8-K ATM Updates (M… |
- 2026-02-22 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2026-02-16 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2026-02-08 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2026-02-01 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2026-01-19 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2026-01-11 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2026-01-04 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-31 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-28 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-21 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-14 — 12,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-07 — 12,660,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-30 — 12,660,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-16 — 12,660,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-09 — 12,620,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-02 — 12,430,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-26 — 12,350,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-19 — 12,160,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-05 — 11,850,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-21 — 11,730,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-14 — 11,540,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-07 — 11,200,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-24 — 10,820,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-17 — 10,550,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-10 — 10,360,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-03 — 10,220,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-27 — 10,220,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-20 — 10,220,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-13 — 10,220,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-29 — 9,670,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-22 — 9,370,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-15 — 9,280,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-08 — 8,980,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-01 — 8,530,000 sharesWeekly 8-K ATM Updates (M…