Key Highlights
- Strategy’s STRC preferred stock reached a $10.5 billion market capitalization.
- Bloomberg data showed STRC surpassing preferred shares from major global banks.
- The stock currently offers a variable annual dividend rate of 11.50% paid monthly.
Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock, trading under the ticker STRC, has reached a market capitalization of $10.5 billion in less than 10 months since the issuance of the shares.
According to an announcement made by Strategy CEO Phong Le today, STRC has emerged as the largest preferred stock worldwide in terms of market cap.
A chart shared alongside the announcement showed STRC ahead of several major bank-issued preferred shares, including preferred stocks from Wells Fargo ($4.7 billion), Bank of America ($3.7 billion), and issuances linked to Citigroup, JPMorgan Chase, Fannie Mae, and Freddie Mac.
This ranking was compiled by Bloomberg’s screen of global exchange-listed preferreds as of April 20, 2026.
STRC is a perpetual preferred stock issued by Strategy Inc., a company known for its substantial Bitcoin holdings. Its dividend payment rate is flexible and is currently set at an 11.50% annual dividend, which is paid monthly. STRC was meant to trade near its par value of $100, with a dividend rate that is adjusted every month.
STRC stock performance
STRC is currently trading around $99.37, which is fairly close to its par value of $100. The preferred shares have shown rather low volatility due to their variable dividend structure, which changes from month to month, according to data from Google Finance.
The preferred stock is traded on Nasdaq and continues showing stable demand since its 2025 listing. However, the preferred shares’ value may be indirectly affected by Strategy’s Bitcoin investment and corporate financial risk.
In case of a drastic fall in the prices of BTC or liquidity issues at the firm, there might be some concerns related to the dividend payment. The immediate price support comes at the level of $99.39-$99.38, whereas the resistance can be found near $99.43-$99.47.
Strategy continues Bitcoin acquisition
In a recent development, Strategy Inc. acquired 24,869 Bitcoins at a cost of roughly $2.01 billion, with the cost per Bitcoin standing at $80,985 for the week ending May 15, 2026.
In its most recent 8-K filing, Strategy Inc. said it owned 843,738 BTC in its portfolio, making a cumulative investment of $63.87 billion with a blended average cost of roughly $75,700 per token.
The financing of this deal has been done mainly by selling 19.5 million STRC preferred shares worth $1.949 billion, along with $83.7 million from selling 430,000 MSTR common shares. It does not appear that there have been any Bitcoin sales in its filing for meeting its dividend payments.
Market participants monitor performance
While the $10.5 billion market capitalization within a period of 10 months may be significant, the performance of the preferred stock will be dependent upon the general financial stability of Strategy Inc., the sustainability of its dividends, and general economic trends that influence both stock markets and Bitcoin.
Participants in the market will keep an eye on whether STRC stock performs with respect to its $100 par value while being able to sustain its dividend payout amidst changing interest rates and cryptocurrency values.
Also Read: SEC Hits Pause on Tokenized Stocks as Concerns Grow
