The Bitcoin Credit Stack
all rates APR, act/365 · as of 2026-09-04

Instruments · strategy

STRC

strategy_strc

Terms

IssuerStrategy Inc
TickerSTRC
Typeperpetual_preferred
Rate policyvariable_administered_feedback
Rate policy terms[object Object]
Cumulativetrue
Seniority rank2
Maturitynot stated
Liquidation preference100
Outstanding10489471000
Statusoutstanding
Source for the seniority ranking

SEC EDGAR accession 0001193125-25-167987, EX-3.1, which establishes its position from both sides in its own text: "Liquidation Senior Stock includes the Perpetual Strife Preferred Stock" 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". Junior only to STRF; senior to STRK and STRD.

Market

Close price97.82
Price date2026-09-03
Price sourceeodhd
Confidencedaily_close
Declared ratenot stated
Effective yieldnot stated
Attachment pointnot stated
Coverage rationot stated
Coverage as ofnot stated

Issuer bitcoin holdings

Holdings762,099 BTC
As of2026-03-31
SourceSEC EDGAR accession 0001050446-26-000031 (10-Q, period 2026-03-31), XBRL us-gaap:CryptoAssetNumberOfUnits, unit [Bitcoin]. The unit label is explicit here, so no inference about what was counted.

Valued in the payload at $79,671 as at 2026-09-04. Holdings and price carry different as-of dates and are not restated to a common one.

What the returns below are, and are not.

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

PeriodEntryDaysEntry priceExit priceIncome %Price %Total %
1m2026-08-033192.3297.8205.95755.9575
2m2026-07-026387.8797.821.027411.323512.3509
3m2026-06-039294.6597.821.91913.34925.2683
6m2026-03-03184100.0197.824.7146-2.18982.5248
12m2025-09-0336597.6797.8210.2280.153610.3816
inception2025-07-2540588.697.8212.394510.406322.8008

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)ObservationsStartMean effective yieldMean declaredFull window
752026-08-28not statednot statedtrue
14102026-08-21not statednot statedtrue
30222026-08-05not statednot statedtrue
60442026-07-0613.526711.7895true
90622026-06-0813.294611.6486true
1801252026-03-0912.212211.555true
3652522025-09-0411.42811.0507true

Where this comes from

RESThttps://api.bitcoincreditstack.com/v1/market/corporate/instruments
As of2026-09-03