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Strategy’s preferred equity returns to $100 as corporate adoption rises at Strategy World 2026.
Executive Chairman of Strategy Michael Saylor (Gage Skidmore/CC BY-SA 2.0/Modified by CoinDesk)
Key points:
- Prevalon Energy, Anchorage Digital, and OranjeBTC reported allocations to STRC.
- STRC briefly reached its $100 par value on Wednesday.
- 21Shares is introducing STRC exposure to Europe via the Strategy Yield ETP on Euronext Amsterdam.
Three firms have incorporated Strategy’s perpetual preferred equity, Stretch (STRC), into their financial statements as the security reverts to its $100 par value.
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Strategy announced that Prevalon Energy and Anchorage Digital revealed during presentations at Strategy World 2026 in Las Vegas that both companies have allocated a segment of their corporate treasury to STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, during the “Bitcoin for Corporations” track. In separate statements at the event, OranjeBTC, a Brazilian bitcoin treasury firm, also confirmed its addition of STRC to its balance sheet.
As per STRC.live, STRC briefly touched par during Wednesday’s trading session. Based on trading volume, it is estimated that approximately 22 BTC were acquired through STRC transactions. In pre-market trading, STRC is again at $100.
STRC is characterized as a short duration, high yield credit instrument that holds a senior position to MSTR common stock and provides an 11.25% annual dividend, which is distributed monthly.
The conference also included further announcements, such as 21Shares bringing STRC exposure to Europe via the Strategy Yield ETP on Euronext Amsterdam.
In a separate development, Morgan Stanley intends to launch bitcoin trading, lending, yield, and custody services, with Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, confirming these plans during a panel discussion with Strategy CEO Phong Le.
Bitcoin is currently trading above $68,000, while MSTR increased by 9% on Wednesday and is slightly down in Thursday’s pre-market trading at around $135.
