Where to Buy STRC Stock
Strategy's perpetual preferred stock. 11.5% yield, paid monthly, powered by Bitcoin.
Compare Top Brokers for STRC
Robinhood
Robinhood offers $0 commission on STRC trades. Search for ticker STRC, place a limit order near $100, and monthly dividends auto-deposit to your cash balance. No subscription required.
Visit Robinhood- $0 commission on all stock trades
- Clean, beginner-friendly mobile app
- Fractional shares available
- No account minimum required
- Dividends auto-deposit to your account
- PFOF may affect execution quality
- Limited research tools vs. full-service brokers
- Gold subscription ($5/mo) needed for some features
eToro
eToro offers $0 commission on real STRC stock purchases. A $1–$2 flat transaction fee may apply depending on your region. STRC dividends auto-deposit monthly. Currency conversion fees apply for non-USD accounts.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. Visit eToro- $0 commission on real stock purchases
- Available in 50+ countries worldwide
- Social/copy trading features
- Wide range of US equities supported
- Regulated by FCA, CySEC, ASIC
- $1–$2 flat transaction fee may apply
- $5 withdrawal fee
- $10/month inactivity fee after 12 months
- Currency conversion fees for non-USD accounts
SoFi Invest
SoFi offers $0 commission on STRC trades. Standard SEC/FINRA fees apply on sells. STRC dividends auto-deposit monthly. SoFi also offers banking and lending products in the same app.
Visit SoFi Invest- $0 commission on all stock and ETF trades
- Banking, lending, and investing in one app
- Fractional shares starting at $5
- No account minimum
- Free ACH transfers
- $25 inactivity fee if no login for 6 months
- $75 fee to transfer account to another broker
- Fewer advanced trading tools
This page is for informational and educational purposes only and does not constitute financial, investment, or tax advice. STRC is not a bank deposit, not FDIC insured, and carries risk of loss. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions.
What Is STRC?
Ticker
STRC
Annual Yield
11.5%
Par Value
$100
Dividend Freq
Monthly
Exchange
Nasdaq
Type
Preferred
Issuer
Strategy
Launched
July 2025
STRC is a stock you can buy on Nasdaq that pays roughly $0.96 per share every month in cash. That works out to an 11.5% annual return on a $100 share. The price is designed to stay near $100 through a variable-rate mechanism — Strategy adjusts the dividend rate to anchor it there.
It's issued by Strategy (formerly MicroStrategy), which holds 843,738 Bitcoin on its balance sheet. The Bitcoin is what backs the whole thing. A similar instrument, SATA, is issued by Strive with a higher 13% yield — see our STRC vs SATA comparison for a side-by-side breakdown.
How STRC Works
The Fuel
11.5% of $100 par = $11.50/year per share, paid monthly. At $8.54B outstanding, that's about $982M per year in dividends.
The Autopilot
Strategy adjusts the dividend monthly to anchor the price near $100. Rate goes up when price falls, down when price rises.
The Airframe
843,738 BTC (~$65B) backs the capital structure. Strategy's credit-case model assumes Bitcoin grows at 10%/year.
The Seatbelts
Cumulative dividends. If Strategy defers a payment, it accrues and compounds. All missed payments must be made whole before MSTR common gets anything.
"We constructed this instrument so it would be extraordinarily robust… We created a perpetual preferred that never comes due. There is no liquidation right. There is no put right." — Michael Saylor
STRC Dividend & Yield
STRC pays a dividend set as a percentage of its $100 par value, not the price you paid:
Buy at $100
11.5%
Buy at $90
12.78%
Buy at $105
10.95%
| Date | Rate | Context |
|---|---|---|
| July 2025 (IPO) | 9.0% | Launch rate |
| Oct 2025 | 10.0% | Raised to support price |
| Jan 2026 | 10.5% | Continued price support |
| Mar 2026 | 11.0% | Bear market adjustment |
| May 2026 | 11.5% | Current rate |
Where Does the Yield Come From?
Bitcoin generates no cash flow. The 11.5% yield is funded from three sources: new STRC share sales (ATM program), a $2.25B USD cash reserve covering ~18 months of obligations, and Strategy's legacy software business generating ~$320M/year in gross profit.
The Simple Math
$65B BTC × 10% growth = $6.5B annual appreciation
vs. $1.49B annual dividend + interest obligations
How Are STRC Dividends Taxed?
STRC dividends are currently classified as return of capital (ROC). You don't owe income tax when you receive them — each payment reduces your cost basis. Once your basis reaches $0 (~8.7 years), dividends become taxable at long-term capital gains rates. Use the STRC dividend calculator to model your specific tax scenario.
Tax-Equivalent Yield
11.5% ÷ (1 − 0.15) = 13.5%
For a 15% capital gains bracket investor
Risks
- Multi-Year Bitcoin Drawdown
If Bitcoin crashes 80%+ and stays down, the $2.25B cash reserve covers roughly 18 months.
- Capital Markets Close
The flywheel depends on Strategy selling new STRC shares. If markets close for an extended period, the machine slows.
- Dividend Deferral
Strategy can defer dividends. Payments accrue and compound, but your monthly cash stops.
- The Dividend Ratchet
Rate has risen from 9% to 11.5% — each increase a permanent cost. The drawdown reversed; the higher rate didn't.
- Path Dependence
Bitcoin holders recover from crashes. STRC holders may not — forced BTC sales, deferrals, or rate ratchets can permanently impair the instrument.
STRC vs SATA
| STRC | SATA | |
|---|---|---|
| Issuer | Strategy (MSTR) | Strive (ASST) |
| Yield | 11.5% | 13.0% |
| BTC Holdings | 843,000+ (~$87B) | ~15,009 (~$1.5B) |
| Cash Reserve | $2.25B | $138M |
| Debt | ~$6B convertible | $0 — debt-free |
| Dividend Freq | Monthly | Monthly → Daily |
| Operating Biz | $320M/yr software | None |
Full STRC vs SATA comparison →
STRC Dividend Calculator
Estimate your monthly income, tax-equivalent yield, and cost basis timeline.
Monthly Income
$958
Annual Income
$11,500
Basis Hits $0
8.7 yrs
Tax-Equiv Yield
13.5%
| Year | Cumulative Received | Remaining Basis | Monthly Tax Owed | Status |
|---|