PreferredActive$STRKBTC
Strike
$128.64▼ 0.17%
BTC Holdings
766,970 BTC
Total Debt
$18.60B
Leverage
10.9%
mNAV
0.82x
Notional
$1.40B
Issue date
2025-03-16
Price
$73.27▲ 0.54%
Dividend / Share
$8/yr
Face Value
$100
Eff. Yield
10.92%
Mkt Cap
$1.03B
Shares Outs.
14,020,000
Conversion price
$1,000
ITM Status
OTM (-87.1%)
Market ClosedApr 12, 2026 20:14 UTC
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Junior to STRF, STRC, and STRE; senior to STRD and common stock; junior to all indebtedness
- Settlement
- Issuer election
- Liquidation preference
- $100 per share
- 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 (subject to limited exception)
- Use of proceeds
- General corporate purposes, including the acquisition of bitcoin and for working capital
Sources(2)
- STRIKE Preferred Stock Te…WebsiteSTRIKE Preferred Stock TermsStrategy Inc. — 2026-02-03
- Form 8-K (STRK preferred …FilingForm 8-K (STRK preferred stock)Items 1.01/8.01Strategy Inc. — 2025-01-31
Participants
Holders & Underwriters(5)
- Form 8-K (STRK preferred …Barclays Capital Inc.underwriteras of 2025-01-31Joint book-running manager
- Form 8-K (STRK preferred …Moelis & Company LLCunderwriteras of 2025-01-31Joint book-running manager
- Form 8-K (STRK preferred …BTIG, LLCunderwriteras of 2025-01-31Joint book-running manager
- Form 8-K (STRK preferred …TD Cowenunderwriteras of 2025-01-31Joint book-running manager
- Form 8-K (STRK preferred …Keefe, Bruyette & Woods, Inc.underwriteras of 2025-01-31Joint book-running manager
Outstanding History
Outstanding history(43)
| 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 | 13,990,000 | Weekly 8-K ATM Updates (M… |
| 2026-01-04 | 13,990,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-31 | 13,990,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-28 | 13,990,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-21 | 13,990,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-14 | 13,990,000 | Weekly 8-K ATM Updates (M… |
| 2025-12-07 | 13,980,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-30 | 13,980,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-16 | 13,980,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-09 | 13,970,000 | Weekly 8-K ATM Updates (M… |
| 2025-11-02 | 13,930,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-26 | 13,890,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-19 | 13,720,000 | Weekly 8-K ATM Updates (M… |
| 2025-10-05 | 13,650,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-21 | 13,650,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-14 | 13,650,000 | Weekly 8-K ATM Updates (M… |
| 2025-09-07 | 13,480,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-24 | 13,230,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-17 | 13,030,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-10 | 12,830,000 | Weekly 8-K ATM Updates (M… |
| 2025-08-03 | 12,830,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-27 | 12,830,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-20 | 12,830,000 | Weekly 8-K ATM Updates (M… |
| 2025-07-13 | 12,830,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-29 | 12,120,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-22 | 11,830,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-15 | 11,650,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-08 | 11,170,000 | Weekly 8-K ATM Updates (M… |
| 2025-06-01 | 10,540,000 | Weekly 8-K ATM Updates (M… |
| 2025-05-18 | 9,440,000 | Weekly 8-K ATM Updates (M… |
| 2025-05-11 | 8,840,000 | Weekly 8-K ATM Updates (M… |
| 2025-05-04 | 8,640,000 | Weekly 8-K ATM Updates (M… |
| 2025-04-27 | 8,140,000 | Weekly 8-K ATM Updates (M… |
| 2025-04-20 | 7,740,000 | Weekly 8-K ATM Updates (M… |
| 2025-04-13 | 7,640,000 | Weekly 8-K ATM Updates (M… |
| 2025-03-30 | 7,640,000 | Weekly 8-K ATM Updates (M… |
| 2025-03-23 | 7,440,000 | Weekly 8-K ATM Updates (M… |
| 2025-03-16 | 7,440,000 | 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 — 13,990,000 sharesWeekly 8-K ATM Updates (M…
- 2026-01-04 — 13,990,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-31 — 13,990,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-28 — 13,990,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-21 — 13,990,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-14 — 13,990,000 sharesWeekly 8-K ATM Updates (M…
- 2025-12-07 — 13,980,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-30 — 13,980,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-16 — 13,980,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-09 — 13,970,000 sharesWeekly 8-K ATM Updates (M…
- 2025-11-02 — 13,930,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-26 — 13,890,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-19 — 13,720,000 sharesWeekly 8-K ATM Updates (M…
- 2025-10-05 — 13,650,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-21 — 13,650,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-14 — 13,650,000 sharesWeekly 8-K ATM Updates (M…
- 2025-09-07 — 13,480,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-24 — 13,230,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-17 — 13,030,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-10 — 12,830,000 sharesWeekly 8-K ATM Updates (M…
- 2025-08-03 — 12,830,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-27 — 12,830,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-20 — 12,830,000 sharesWeekly 8-K ATM Updates (M…
- 2025-07-13 — 12,830,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-29 — 12,120,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-22 — 11,830,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-15 — 11,650,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-08 — 11,170,000 sharesWeekly 8-K ATM Updates (M…
- 2025-06-01 — 10,540,000 sharesWeekly 8-K ATM Updates (M…
- 2025-05-18 — 9,440,000 sharesWeekly 8-K ATM Updates (M…
- 2025-05-11 — 8,840,000 sharesWeekly 8-K ATM Updates (M…
- 2025-05-04 — 8,640,000 sharesWeekly 8-K ATM Updates (M…
- 2025-04-27 — 8,140,000 sharesWeekly 8-K ATM Updates (M…
- 2025-04-20 — 7,740,000 sharesWeekly 8-K ATM Updates (M…
- 2025-04-13 — 7,640,000 sharesWeekly 8-K ATM Updates (M…
- 2025-03-30 — 7,640,000 sharesWeekly 8-K ATM Updates (M…
- 2025-03-23 — 7,440,000 sharesWeekly 8-K ATM Updates (M…
- 2025-03-16 — 7,440,000 sharesWeekly 8-K ATM Updates (M…