Treasury Company

Strategy (MSTR) · perpetual preferred

STRD

10.00% Series A Perpetual Stride Preferred Stock

Price
—
No licensed price source
Effective yield
—
Rate 10%
Market Cap
—

Dividend schedule

Annual rate
10%
$10.00 per year
Per payment
$2.5000
quarterly
Next ex-date
2026-12-15
In 72 days
Next pay date
2026-12-31
In 88 days

Notional and spread

Notional
$100.00
— to Notional
Spread over US 10Y
—

Credit

BTC Rating
3.25×
Calculated by treasury-company.com
Amplification
1.29×
Calculated by treasury-company.com
Seniority
7

Capital Structure of Strategy

Seniority Credit Instrument Type Notional Units outstanding Total Notional Rate Asset Rating Sources
1Secured loansother debt$40,000,000.001$40M—1,803.85×BTC RatingReport
20.625% Convertible Senior Notes due 2028convertible note$1,000.001,010,000$1.01B0.625%10.68×BTC RatingReport
20% Convertible Senior Notes due 2029convertible note$1,000.001,500,000$1.5B0%10.68×BTC RatingReport
20.625% Convertible Senior Notes due 2030convertible note$1,000.00800,000$800M0.625%10.68×BTC RatingReport
20% Convertible Senior Notes due 2030convertible note$1,000.002,000,000$2B0%10.68×BTC RatingReport
20.875% Convertible Senior Notes due 2031convertible note$1,000.00603,659$603.66M0.875%10.68×BTC RatingReport
22.25% Convertible Senior Notes due 2032convertible note$1,000.00800,000$800M2.25%10.68×BTC RatingReport
3STRF10.00% Series A Perpetual Strife Preferred Stockperpetual preferred$100.0012,839,689$1.28B10%8.98×BTC RatingReport
4STRCVariable Rate Series A Perpetual Stretch Preferred Stockperpetual preferred$100.00104,894,705$10.49B12%3.89×BTC RatingReport
5STRE10.00% Series A Perpetual Stream Preferred Stockperpetual preferred€100.007,750,000$883.5M10%3.72×BTC RatingReport
6STRK8.00% Series A Perpetual Strike Preferred Stockperpetual preferred$100.0014,020,744$1.4B8%3.47×BTC RatingReport
7STRD10.00% Series A Perpetual Stride Preferred Stockperpetual preferred$100.0014,024,221$1.4B10%3.25×BTC RatingReport

Asset Rating and Amplification are calculated by treasury-company.com from the curated Capital Structure. They are not the Company's numbers and not an agency credit rating.

US 10Y Treasury yield: 5.28% as of 2026-10-02. Source: US Treasury daily yield curve.

Values in EUR are converted to USD at 1.14 USD per EUR as of 2026-09-25. Source: Board of Governors of the Federal Reserve System (US), U.S. Dollars to Euro Spot Exchange Rate (DEXUSEU), retrieved from FRED, Federal Reserve Bank of St. Louis.

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