Stretch price
Price chart for Stretch (STRC) with a time-range selector. Between August 25, 2025 and August 27, 2026, STRC hit a high of 100.03 USD on January 5, 2026 and a low of 74.57 USD on June 22, 2026, a +0.3 % change over the period.
View the chart data (12 closes)
| Date | Close |
|---|---|
| 97.75 USD | |
| 99.00 USD | |
| 99.18 USD | |
| 98.19 USD | |
| 100.03 USD | |
| 99.80 USD | |
| 99.55 USD | |
| 99.53 USD | |
| 98.99 USD | |
| 74.57 USD | |
| 89.46 USD | |
| 98.00 USD |
Source: Yahoo Finance · data updated August 28, 2026.
Stretch (STRC) is Strategy's third preferred: it launched as the first in the series with monthly payments and, since June 30, 2026, pays dividends twice a month (record dates on the 15th and the last day of each month) following the amendment approved by its stockholders. With the same change, Strategy raised the annual dividend to 12% (from 11.5%) for periods with record dates on or after July 1, 2026: $0.50 per share per payment on a $100 par value. It was explicitly structured to trade near par ($100), making it easier for Strategy to run continuous at-the-market (ATM) programs and raise capital to buy more Bitcoin — the higher payment frequency is designed precisely to stabilize the price and speed up reinvestment. It is the most aggressive instrument in the series in yield terms, with the highest potential for an early call by the issuer if market rates fall.
How do you buy STRC?
Where they trade, which brokers list them —and why some do not— and how the dividend is withheld.
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Yield Calculator
Base price: $98.00 · snapshotIndicative calculation. Dividends depend on the issuer declaring them each period, are not guaranteed and exclude tax withholdings and broker fees. The share count rounds down and assumes a market purchase at the price shown.
Dividend History
Total paid: $9.60Instrument Terms
Capital Structure
Same level as STRK and STRF. All pari passu with one another. Senior to MSTR.
Bitcoin Exposure
Direct funding of new BTC purchases through ATM issuances. Each newly issued share funds additional Bitcoin acquisitions.
Specific Risks
5 factors identifiedIssuer credit risk
Strategy's preferreds are not collateralized by the company's Bitcoin reserves. They are an unsecured obligation: in a bankruptcy scenario, senior bondholders are paid first and preferred holders only recover from residual assets afterwards. The backing is credit-based, not a BTC collateral pledge. A severe and prolonged drop in the Bitcoin price could compromise the issuer's ability to service the dividends.
Non-cumulative dividend
If the issuer's board decides not to declare the dividend in a given period, the investor loses that payment with no future claim. Unlike a cumulative preferred, missed periods are not recovered when payments resume.
Call risk (early redemption)
From Oct 2027 onward, the issuer may redeem the issuance at par value ($100 per share). If market rates are lower than the current yield by then, it will likely do so: the investor gets the principal back and must reinvest it at worse yields. This scenario is especially relevant for instruments trading at a premium to par.
Interest rate sensitivity
Like any perpetual fixed income instrument, the secondary price moves inversely to rates. A significant rise in interest rates can cause sharp price declines even if the issuer keeps paying dividends on time. The effect grows with effective duration, and perpetuals are the most sensitive.
Stacked dividend obligations of the issuer
Strategy has issued 5 distinct fixed income instruments (STRK, STRF, STRC, STRD, STRE) coexisting in the same capital structure. Each new issuance adds dividend obligations on the same underlying Bitcoin balance sheet. In a prolonged BTC bear market, the issuer's cash flow to service all dividends simultaneously could compress and force prioritization decisions across issuances.
This risk analysis is for information purposes only and does not constitute financial advice. The official prospectuses (SEC) contain the full risk factor disclosure and should be reviewed before investing.
Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.