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STSTRC

MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock

$STRC·$26B·Software - Application·Technology
$88.58+0.8%YTD-11.8%1Y-0.0%
Mentions · last 7 days
2026-07-01: 375 posts2026-07-02: 333 posts2026-07-03: 150 posts2026-07-04: 55 posts2026-07-05: 66 posts2026-07-06: 382 posts2026-07-07: 173 posts1,544-30%
Price updated 2d ago·X counts updated 2d ago
STSTRC
$STRCMicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock
$88.58+0.81%1.5k posts-30%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $STRC, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersWinding up for a moveAI verdict · as of 2026-07-08

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Saylor's Bitcoin-backed preferred trying to trade to par at $100 — the 12% dividend is now backed by a $2.55B USD reserve, but the plumbing still leans on Bitcoin.

STRC is Strategy Inc's (formerly MicroStrategy) 'Stretch Preferred' — a variable-rate perpetual preferred backed by the company's Bitcoin treasury, engineered to trade near a $100 par with a monthly dividend. This is not a normal equity; it's a yield-and-recovery instrument with Bitcoin exposure on the wrong side.

How the pieces fit together:

  • The dividend structure has been strengthened, not just raised: Saylor's June 29 'Digital Credit Capital Framework' lifted the STRC coupon to 12% from 11.5% and built a $2.55B USD reserve — enough to cover roughly 17.4 months of dividends without touching Bitcoin sales, which is what turns a nominal yield into a supported one.
  • The math on the recovery is specific: today at $88, moving to par at $100 is a ~14% capital move on top of the 12% coupon, and management has stated that 'STRC to trade over time at $99-$100' is a corporate objective — so the base case is coupon plus mean reversion.
  • The plumbing still depends on Bitcoin holding up: to fund dividends and the ~$1M/quarter operating burn, Strategy is actively selling BTC ($216M in the past week alone), so a sharp drawdown in BTC pressures both the reserve and the equity multiple of the common — and any drawdown that forces bigger BTC sales tests the 'zero drawdown' framework Saylor is pitching.

The path to par comes from Bitcoin remaining stable or rising and Strategy demonstrating the reserve holding without further ATM issuance — that's what turns the current $88 into $99-100. What breaks the setup is any material Bitcoin drawdown that forces the reserve to draw down materially, or a new preferred issuance (the June 23 424B5 at $87.31 is exactly the dilution risk STRC holders have to price in).

Agrees with X sentimentThe bullish X take reflects the framework correctly — the 12% dividend, the $2.55B reserve, and the stated $99-100 corporate objective are all real. What the summary is honest but soft on: continued ATM/preferred issuance below par is dilutive to existing STRC holders, and any BTC drawdown makes that pressure worse.

What to watch: The August 5 Q2 print — reserve balance vs the $2.55B commitment, cumulative BTC sales through Q2, and any further preferred issuance (a 424B5 below par is the specific dilution risk). Also weekly BTC price behavior — a sustained 30%+ drawdown is what tests the framework.

On the calendar: 2026-08-05 — Q2 earnings

float missingbeta missingpreferred share class

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment120 posts analyzed · as of 2026-07-08

Strategy's Stretch preferred is grinding back toward its $99-$100 par target after a stress-test low in the $70s, up 27% off recent lows to reclaim $90 with an effective yield of 13.35%. Michael Saylor explicitly confirmed the corporate objective is to keep STRC trading at $99-$100 and the framework now includes a 12% dividend, a buyback authorization and BTC sales to cover dividends. BlackRock's iShares Preferred ETF added $7M in Strategy preferreds. Death-spiral bears have quieted as the semi-monthly dividend cadence and USD reserve grow.

Read the AI verdict + X sentiment for $STRC

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Variable-rate perpetual preferred stock tied to MicroStrategy's Bitcoin treasury, offering floating income with Bitcoin price exposure.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Application sits in its cycle right now — and what that implies for $STRC.

Software - Application · Technology

No material change from last week — platforms where agents expand contract value (ServiceNow, Snowflake) are re-rated upward, while tools where agents substitute human users (Adobe Creative..

What this means for $STRC

Direct beneficiary — MicroStrategy, Inc.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-11.0%YTD
-14.4%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-3.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
0.7%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
94.2%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
21.3%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
72.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-24.1%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
68.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 5, 2026$-38.25$-0.86-4337.4%
Q4 2025Mar 5, 2026$-42.93$-0.08-53562.5%
Q3 2025Nov 12, 2025$8.42$-0.10+8354.9%
Q2 2025Aug 6, 2025$32.60$-0.10+33253.7%
Next earningsWed, Aug 5·consensus EPS $2.70

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$124.3M+11.9%67.1%-12.0%$-38.25$13.0M
Q4 FY25$123.0M+1.9%66.1%-14185%$-42.93$-32.2M
Q3 FY25$128.7M+10.9%70.5%3023%$9.30$14.4B
Q2 FY25$114.5M+2.7%68.8%12256%$36.23$-6.8B

Forward consensus

4-year forecast · up to 6 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$497.8M$460.3M – $519.4M$45.65$41.68 – $49.626
FY27$509.0M$448.3M – $546.8M$7.87$6.87 – $8.474
FY28$526.9M$475.5M – $558.0M$49.63$43.33 – $53.442
FY29$476.4M$429.9M – $504.5M$391.60$341.93 – $421.693

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.6×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.59%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-6.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-9.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 23Jarrod M PattenDirector1.5K sh$159KBuyJun 22Phong LeCEO11.0K sh$999KSellJun 17Jarrod M PattenDirector1.5K sh$182KBuyJun 16Thomas C. ChowEVP & General Counsel111 sh$10KSellJun 15Jarrod M PattenDirector1.5K sh$201KSellJun 9Phong LeCEO5.5K sh$684KSellJun 9Jeanine MontgomeryVP & CAO354 sh$44KSellJun 9Andrew KangCFO1.9K sh$241KSellJun 5Phong LeCEO93.7K sh$11.1MSellJun 5Andrew KangCFO27.8K sh$3.3M
1–10 of 28
+ 38 other (31 exempts · 7 awards) in window

See when $STRC insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KOfficer or director changeJul 68-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (STRC) disclosed its weekly Bitcoin and capital markets activity for the period June 29 – July 5, 2026. Strategy sold 1,363 BTC for ~$80.8M ($59,256 average) on June 29-30 and 2,225 BTC for ~$135.2M ($60,773 average) on July 1-5; no new ATM shares were sold and no share repurchases were made during the period. As of July 5, 2026, Strategy holds 843,775 BTC at a total cost of ~$63.94 billion ($75,578 average purchase price). This is a routine weekly disclosure across Strategy's multiple share classes reflecting ongoing BTC sales and treasury management.

8-KPress release / Reg FDJun 298-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (formerly MicroStrategy, ticker STRC) filed an investor presentation under Reg FD on June 29, 2026. The presentation is furnished and not filed; no new material quantitative data is visible in the excerpt. Routine investor relations disclosure for the Bitcoin treasury company.

424B5Prospectus supplement (offering)Jun 23424B5
AI summary

STRC filed a 424B5 prospectus supplement on 2026-06-23 at $87.31 per share. This represents dilution happening now.

8-KPress release / Reg FDJun 228-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Delaware 001-42509 51-0323571 disclosed: t Variable Rate Series A Perpetual Stretch Preferred Stock, $0.001 par value per share STRC The Nasdaq Global Select Market 8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share STRK The Nasdaq Global Select Market 10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share STRD The Nasdaq Global Select Market Class A common stock, $0.001 par value per share MSTR The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging gr.

8-KCharter amendmentJun 158-K — Item 3.03 · Item 5.03: Charter amendment · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Sarcos Technology and Robotics Corp (STRC) filed an 8-K on June 15, 2026 covering material modifications to security holder rights (Item 3.03), charter/bylaw amendments (Item 5.03), Reg FD disclosure (Item 7.01), and other events (Item 8.01). Body unavailable — excerpt cuts off before the specific charter amendment terms or security holder rights modifications are disclosed.

8-KPress release / Reg FDJun 158-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Sarcos Technology and Robotics Corp (STRC) made a Reg FD disclosure (Item 7.01) and reported other events (Item 8.01) in an 8-K filed June 15, 2026. Body unavailable — excerpt cuts off before the substance of the Reg FD disclosure is revealed.

8-KShareholder voteJun 108-K — Item 5.07: Shareholder vote
AI summary

Strategy Inc (formerly MicroStrategy, ticker MSTR) held its 2026 Annual Meeting on June 8, 2026, voting on director elections and other governance matters. All eight director nominees — including Michael J. Saylor — were elected by common stockholders, KPMG LLP was ratified as independent auditor for fiscal year ending December 31, 2026, and additional proposals (details truncated in excerpt) were voted on. This filing covers all Strategy Inc. securities including STRC (Variable Rate Series A Perpetual Stretch Preferred Stock). Routine annual governance filing with no operational or financial impact; same filing covers MSTR, STRF, STRK, and STRD.

8-KPress release / Reg FDJun 88-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. disclosed its weekly ATM program update for the period June 1-7, 2026: the company sold 1,409,600 shares of MSTR Class A common stock for net proceeds of $181.0 million; no preferred shares (STRF, STRC, STRK, STRD) were sold during the period. As of June 7, 2026, remaining ATM capacity was approximately $1,619.3M (STRF), $17,510.8M (STRC), $2,100.0M (STRK), $4,014.8M (STRD), and $25,956.1M (MSTR common). This represents ongoing dilutive equity issuance primarily via the MSTR common ATM, with the large remaining preferred ATM capacity available for future capital raises.

+ 74 other (30 proxys · 26 8-Ks · 7 13Gs · 3 routine 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Strategy's Bitcoin Pivot Gives Investors a New Reason to Watch Preferred Sharesmarketbeat.com·4d agoStrategy CEO Buys STRC Preferred Stock After Record Slidebarrons.com·7d agoStrategy Shares Climb After Company Unveils Sweeping Digital Credit Capital Frameworkbenzinga.com·10d agoStrategy Announces Digital Credit Capital Framework, USD Reserve Policy, STRC Dividend Policy, Digital Credit and MSTR Repurchase Authorizations, and BTC Monetization Programbusinesswire.com·10d agoIt's not just STRC: Top preferred stocks like SATA and BMNP are slumpinginvezz.com·13d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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