Getting Started
How to Buy STRC
3 min read
STRC trades on the Nasdaq under the ticker symbol STRC. You can buy it through any major brokerage that supports Nasdaq-listed securities. No special accounts or qualifications are needed.
The basics
Open or log into your brokerage account.
Search for ticker symbol "STRC" on Nasdaq.
Place a buy order for the number of shares you want. Each share is approximately $100.
Once purchased, dividends will be deposited into your brokerage account monthly on the payment date.
Brokerage-specific steps
Fidelity
- 1. Log into Fidelity.com or the Fidelity app.
- 2. Click "Trade" in the top navigation.
- 3. Enter "STRC" as the symbol and select "Buy."
- 4. Enter the number of shares you want to purchase.
- 5. Enter your order details and review before submitting. A limit order near the current price is generally recommended for more control over your fill price.
Charles Schwab
- 1. Log into Schwab.com or the Schwab app.
- 2. Navigate to the trade screen for stocks.
- 3. Enter "STRC" as the symbol and select "Buy."
- 4. Enter the number of shares you want to purchase.
- 5. Enter your order details and review before submitting. A limit order near the current price is generally recommended for more control over your fill price.
Robinhood
- 1. Open the Robinhood app.
- 2. Search for "STRC" using the search bar.
- 3. Tap "Buy" and enter the number of shares or dollar amount.
- 4. Enter your order details and review before submitting. A limit order near the current price is generally recommended for more control over your fill price.
These steps are approximate and may vary as brokerages update their interfaces. If you have trouble finding STRC, search for "Strategy Preferred Stock" or contact your brokerage's support.
A note on order types
We recommend using a limit order set at or near $100 rather than a market order. Since STRC is designed to trade near $100 par value, a limit order ensures you do not overpay during brief price fluctuations. A market order will fill immediately at whatever price is available, which is usually fine for STRC but can occasionally result in paying a few cents more per share.
Can I buy STRC in an IRA?
Yes. STRC can be held in traditional IRAs, Roth IRAs, and most other tax-advantaged accounts. The return-of-capital tax treatment may have different implications in a tax-advantaged account. Consult your tax advisor.
Part 5 of 7 in the STRC investor guide