Saylor pitches STRC as lower-risk Bitcoin play

Michael Saylor outlined how STRC fits into Strategy’s broader Bitcoin financing strategy by presenting the preferred equity product as a lower-volatility, income-focused alternative to both Bitcoin and MSTR shares.

Saylor said STRC was designed around recurring cash dividends, liquidity and price stability rather than direct exposure to Bitcoin’s long-term price appreciation.

“STRC is credit engineered for income, stability, liquidity, and principal protection,”

Saylor wrote on X while describing the preferred stock as part of Strategy’s broader capital structure.

The perpetual preferred stock currently offers an 11.50% annual dividend paid monthly in cash, while the dividend rate adjusts regularly to encourage trading close to its $100 par value and reduce volatility.

Strategy also proposed shifting STRC dividend payments from once per month to twice monthly in an effort to stabilise trading behaviour, improve liquidity and increase investor demand without changing the total annual payout.

Saylor compared the products directly by saying:

“STRC is a passenger jet. $BTC is a fighter jet. MSTR is a rocket ship,”

Reinforcing the company’s effort to separate STRC from higher-volatility crypto exposure.

Strategy currently holds 818,334 Bitcoin, representing roughly 3.9% of Bitcoin’s total fixed supply, with the company arguing those reserves help support STRC’s preferred equity structure and broader income-focused positioning.

At the time of reporting, Bitcoin price was $81,181.77.