The Bitcoin Credit Stack
rates are percent a year, continuously compounded · figures as of 2026-10-15 · read 2026-10-16 04:01 UTC
Market › Corporate › Strategy (MicroStrategy) › 10.00% Series A Perpetual Stream Preferred Stock

10.00% Series A Perpetual Stream Preferred Stock

strategy_stre

Terms

IssuerStrategy Inc
Tickernot stated
Typeperpetual preferred
Rate policyfixed
Rate policy terms
Title10.00% Series A Perpetual Stream Preferred Stock
ListingLuxembourg Stock Exchange, Euro MTF, symbol STRE (0001193125-25-272591, 424B5) — not priced here: EODHD is read for the US listing only
Stated amountEUR 100 per share
Stated rate %10
Dividend paymentquarterly in arrears (Mar 31, Jun 30, Sep 30, Dec 31)
Cumulativeyes
Seniority rank4
Maturitynot stated
Liquidation preference100
Outstanding775,000,000 EUR
CurrencyEUR
USD translation (issuer-filed)884120000
Statusoutstanding
Source for the seniority ranking

Junior to the six convertible notes (rank 1, debt ahead of equity), and per its Certificate of Designations, SEC EDGAR accession 0001193125-25-280178, EX-3.1: "Liquidation Senior Stock includes the Perpetual Strife Preferred Stock and the Perpetual Stretch Preferred Stock" (STRF rank 2, STRC rank 3) and "Liquidation Junior Stock includes the Class A Common Stock, the Class B Common Stock, the Perpetual Strike Preferred Stock and the Perpetual Stride Preferred Stock" (STRK rank 5, STRD rank 6). The registry previously cited 0001193125-25-272591 for this ranking; that accession is the 424B5 prospectus, not the certificate.

Market

collecting (no market price is served for this instrument, so no yield, attachment point or coverage is derived)

Issuer bitcoin holdings

Holdings, read from a filing848,250 BTC as of 2026-10-11 · 8-K, filed 2026-10-13 · 0001193125-26-419726
What the filing says
During Period October 5, 2026 to October 11, 2026 As of October 11, 2026 BTC Purchased (1) Aggregate Purchase Price (in millions) (2) Average Purchase Price (2) Aggregate BTC Holdings Aggregate Purchase Price (in billions) (2) Average Purchase Price (2) 250 $ 21.5 $ 86,194 848,250

Valued in the payload at $82,161 as at 2026-10-15. Holdings and price carry different as-of dates and are not restated to a common one.

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As of 2026-10-14

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