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What is STRC?
4 min read
STRC is a stock you can buy on any brokerage that pays you income twice a month at a rate that currently works out to 12% per year. It is issued by a company called Strategy (formerly MicroStrategy), which uses the money to buy bitcoin.
Technically, STRC is a "perpetual preferred stock." That means it has no maturity date and it pays dividends at a rate set by Strategy. It trades on the Nasdaq under the ticker symbol STRC, and you can buy or sell it just like any other stock.
Each share has a "par value" of $100. This is the reference price the dividend is calculated against. If you buy at $100 and the rate is 12%, you receive $1.000 per share each month in cash dividends, now paid in two installments of $0.500.
STRC launched on July 30, 2025 and has paid dividends every month since. As of June 30, 2026 it pays twice a month.
STRC at a glance
Ticker
STRC (Nasdaq)
Par Value
$100/share
Current Yield
12%
Payment
Semi-monthly cash
Launch Date
Jul 2025
Dividends Paid
12 / 12
Total Paid Per Share
$10.95
Issuer
Strategy (MSTR)
How is it different from a regular stock?
Most stocks go up and down based on how the company performs. You buy low and hope to sell high. STRC works differently. It is designed to stay near $100, and the value to investors comes almost entirely from the dividend payments, not price appreciation.
STRC is a "preferred" stock. That means if Strategy ever ran into serious financial trouble, preferred stockholders like you would get paid before regular stockholders, but after bondholders. You do not get voting rights, but you get something most stocks do not offer: predictable income paid twice a month. You can see exactly where STRC falls in the priority order on the capital stack page.
You are not betting on Strategy's stock price going up. You are collecting income twice a month in exchange for accepting certain risks that are covered in detail on the risks page.
You buy shares. You receive cash twice a month.
The rate adjusts to keep the price stable.
Who is Strategy?
Strategy, Inc. (Nasdaq: MSTR) is the company that issues STRC. The company was founded in 1989 as MicroStrategy, an enterprise software company, and has been publicly traded on the Nasdaq since 1998.
In 2020, Strategy began converting its treasury reserves into bitcoin. It now holds 843,775 bitcoin, making it the largest corporate holder of bitcoin in the world. The company also still operates a legacy software business generating roughly $475 million per year in revenue.
Strategy funds STRC dividends through a combination of cash reserves, ongoing capital raises, and the revenue from its software business. How exactly this works is covered in the next guide.
Why does STRC exist?
Strategy created STRC to raise money to buy more bitcoin. When you buy newly issued STRC shares, that cash goes to Strategy, which uses it to purchase bitcoin. In return, you receive dividend payments twice a month funded from Strategy's cash reserves.
The rate is reviewed monthly. Historically, when STRC's market price dropped below $100, Strategy raised the rate to attract buyers and push the price back up. Under its revised dividend policy announced in June 2026, Strategy weighs several factors and may instead use tools like securities buybacks or reserve management, so it will not necessarily raise the rate just because STRC trades below par. The overall aim is still to keep STRC trading near its $100 par value while delivering consistent income to shareholders.
How your money flows
You invest $100
Buy STRC on Nasdaq
Strategy buys Bitcoin
Semi-monthly dividends