STRF
strategy_strf
Terms
| Issuer | Strategy Inc | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Ticker | STRF | ||||||||
| Type | perpetual preferred | ||||||||
| Rate policy | fixed | ||||||||
| Rate policy terms |
| ||||||||
| Cumulative | yes | ||||||||
| Seniority rank | 2 | ||||||||
| Maturity | not stated | ||||||||
| Liquidation preference | 100 | ||||||||
| Outstanding | 1,283,969,000 USD | ||||||||
| Currency | USD | ||||||||
| USD translation (issuer-filed) | not stated | ||||||||
| Status | outstanding |
Source for the seniority ranking
Junior to all six registered Strategy convertible notes (rank 1), which are senior unsecured debt per SEC EDGAR accession 0001050446-26-000044, R13 — debt ahead of equity, a structural ordering. Most senior of the registered preferred stack. SEC EDGAR accession 0001193125-25-062523, EX-3.1, states "Liquidation Junior Stock includes the Class A Common Stock, the Class B Common Stock and the Company's outstanding Perpetual Strike Preferred Stock". Corroborated from both junior sides: accession 0001193125-25-138477 (STRD) and accession 0001193125-25-167987 (STRC) each name STRF as Liquidation Senior Stock. No registered PREFERRED ranks senior to it; the convertible notes do.
Market
| Last sale (IEX) | $103.21 |
|---|---|
| Price date | 2026-10-14 |
| Price source | iex_hist |
| Confidence | last_sale |
| Declared rate | 10.00% |
| Effective yield | 9.69% |
| Attachment point | 11.6% |
| Coverage ratio | 8.5977 |
| Coverage as of | 2026-07-24 |
Issuer bitcoin holdings
| Holdings, read from a filing | 848,250 BTC as of 2026-10-11 · 8-K, filed 2026-10-13 · 0001193125-26-419726What the filing saysDuring 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.
No dividend-payment record exists in this database and accrued_flag is null on every row, so income is what the terms accrue, not what was confirmed paid. For a cumulative preferred that difference is the credit question.
Returns
| Period | Entry | Days | Entry price | Exit price | Income | Price | Total |
|---|---|---|---|---|---|---|---|
| 1m | 2026-09-14 | 30 | $104.45 | $103.21 | 0.79% | -1.19% | -0.41% |
| 2m | 2026-08-14 | 61 | $96.23 | $103.21 | 1.74% | 7.25% | 8.99% |
| 3m | 2026-07-14 | 92 | $95.02 | $103.21 | 2.65% | 8.62% | 11.27% |
| 6m | 2026-04-14 | 183 | $100.00 | $103.21 | 5.01% | 3.21% | 8.22% |
| 12m | 2025-10-14 | 365 | $111.64 | $103.21 | 8.96% | -7.55% | 1.41% |
| inception | 2025-03-27 | 566 | $92.41 | $103.21 | 16.78% | 11.69% | 28.47% |
Only the income leg behaves like a rate. Annualising a total return over a short holding period multiplies a price move rather than measuring a yield - a 5% one-month move annualises past 70%. Rows under 90 days carry short_period_annualisation_warning (PC-10).
Trailing windows
Lookback windows are not maturities. These instruments are perpetual and have no tenor, so this profile never shares an axis or a legend with a tenor-axis chart, and is never drawn as a fitted curve (PC-8).
| Window (days) | Observations | Start | Mean effective yield | Mean declared | Full window |
|---|---|---|---|---|---|
| 7 | 5 | 2026-10-08 | 9.68% | 10.00% | yes |
| 14 | 9 | 2026-10-01 | 9.68% | 10.00% | yes |
| 30 | 21 | 2026-09-15 | 9.67% | 10.00% | yes |
| 60 | 41 | 2026-08-17 | 9.76% | 10.00% | yes |
| 90 | 61 | 2026-07-17 | 9.95% | 10.00% | yes |
| 180 | 122 | 2026-04-20 | 10.14% | 10.00% | yes |
| 365 | 249 | 2025-10-15 | 9.93% | 10.00% | yes |
Ask for this by machine
| REST | GET https://api.bitcoincreditstack.com/v1/market/corporate/instruments |
|---|---|
| MCP | get_corporate_instruments() |
The same figures, the same names and dates. Connect your AI →
As of 2026-10-14
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. IEX