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STSTRF

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock

$STRF·$31B·Software - Application·Technology
$103.60-0.2%YTD+1.8%1Y-6.0%
Price updated 6h ago·X counts updated 5d ago
STSTRF
$STRFMicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock
$103.60-0.20%30 posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $STRF on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

30X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $STRF's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level, louder than 66% of tracked names.

Bullish sentimentAI analysisGenerated by AI from underlying data5 posts analyzed · as of 2026-09-07

Strategy's STRF preferred is trading above $104 with STRC near $98, and MSTR mNAV over 1.10x. Community declares 'the Strategy is working' and predicts every MSTR security will outperform MSCI over the next 10 years. 4,603 wholecoiners eliminated on the pump. Bull tone from the treasury faction.

Read what X is saying about $STRF

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $STRF — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersAcceleratingAI verdict · as of 2026-10-03

The move is getting stronger, with heavier trading behind it.

Strategy's 10% perpetual preferred — a daily-pay yield vehicle for the Bitcoin treasury alongside STRC/STRK/STRD.

STRF is Strategy Inc.'s 10% Series A Perpetual Strife Preferred — the fixed-coupon preferred the Bitcoin-treasury company issues to fund BTC accumulation. The security trades above $104 par with the Strategy ecosystem of preferreds (STRF/STRC/STRK/STRD) all alive and paying.

  • The structure is explicit: 10% annual cumulative dividend on $100 face value — paired with STRC (variable rate currently 12%), STRK, and STRD under the Strategy preferred-ecosystem. mNAV above 1.10x means the common is still priced above net asset value.
  • The capital raise is working: the Sep 21-27 ATM update showed MSTR common sold 1,469,165 shares for $246.2M net — no preferred sales in that week, meaning STRF supply is stable while the overall preferred float keeps generating dividend obligations.
  • A proposed amendment to add daily-dividend record dates for STRF/STRC/STRK/STRD is in a Sep 25 preliminary proxy — the daily-pay evolution would further anchor the preferreds as income instruments.

If Bitcoin keeps running, Strategy's mNAV premium holds and STRF trades at or above par; a Bitcoin drawdown deep enough to threaten the mNAV coverage ratio is what puts the preferred at risk, with the common diluting first.

Agrees with X sentimentX is bullish on "the Strategy is working" framing with mNAV above 1.10x and the 10-year outperformance thesis — real as long as Bitcoin stays in trend. The treasury-faction bull tone is directionally aligned with the capital-structure math on STRF.

What to watch: The mNAV coverage ratio at Strategy (how much Bitcoin per preferred share), the pace of BTC accumulation (recent weeks: 1.4M shares of common for $246M), and the daily-dividend amendment outcome. A sustained Bitcoin pullback deep enough to threaten mNAV coverage is the hard risk for the preferred.

On the calendar: 2026-11-04 — Q3 2026 earnings (parent)

Read the AI verdict on $STRF

  • 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)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

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

Fixed 10% perpetual preferred stock paying quarterly cash dividends, providing income investors a senior claim over MicroStrategy common equity.

Industry overviewAI analysisGenerated by AI from underlying data

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

Software - Application · Technology

No material change from last week — Adobe Q3 lifted guidance with triple-digit AI-first ARR, validating the AI upsell bifurcation: vendors embedding AI agents into core workflows (NOW, CRM, SAP, WDAY, TEAM, ADBE) are re-accelerating whi.

What this means for $STRF

Partial — Fixed 10% perpetual preferred stock paying quarterly cash dividends, providing income investors a senior claim over MicroStrategy common equity.; AI feature integration (Agentforce, AI Copilot) into core platform defends ARR while pricing for AI add-ons lifts ACV.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
+4.2%YTD
-7.5%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
Q2 2026Jul 30, 2026$-24.45$-2.19-1017.0%
Q1 2026May 5, 2026$-38.25$-0.86-4337.4%
Q4 2025Feb 5, 2026$-42.93$-0.08-53562.5%
Q3 2025Oct 30, 2025$8.42$-0.10+8354.9%
Next earningsThu, Oct 29·consensus EPS $13.86

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

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.1.7×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.69%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.+1.9%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.+4.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 329.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.0% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β3.545-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

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

Recent transactions

SellOct 9Jarrod M PattenDirector1.4K sh$211KSellOct 8Jarrod M PattenDirector1.4K sh$211KSellSep 22Jarrod M PattenDirector475 sh$81KSellSep 21Jarrod M PattenDirector1.4K sh$238KSellSep 4Thomas C. ChowEVP & General Counsel106 sh$15KSellAug 27Jarrod M PattenDirector1.9K sh$241KSellAug 25Jarrod M PattenDirector2.8K sh$348KSellAug 24Jarrod M PattenDirector925 sh$113KSellAug 7Jarrod M PattenDirector3.8K sh$389KSellJul 27Jarrod M PattenDirector1.9K sh$192K
1–10 of 39
+ 47 other (40 exempts · 7 awards) in window

See when $STRF 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-KPress release / Reg FDOct 138-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
8-KPress release / Reg FDOct 58-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
8-KPress release / Reg FDOct 18-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. filed this 8-K on September 30, 2026 announcing the maintenance of STRC's variable dividend rate at 12.00% per annum for semi-monthly periods from October 16, 2026, and declaring semi-monthly dividends on STRC payable October 31, 2026 to holders of record October 15, 2026. STRF (10.00% Series A Perpetual Strife Preferred Stock) is a fixed-rate instrument at 10.00% per annum; this filing is cross-reported for STRF but the substance concerns STRC's variable rate. Administrative dividend declaration; STRF's 10.00% fixed rate is unchanged.

8-KPress release / Reg FDSep 288-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (filing for STRF preferred stock) disclosed the same ATM update for September 21–27, 2026: MSTR common sold 1,469,165 shares for $246.2M net proceeds; no STRF or other preferred shares were sold. Remaining STRF ATM capacity is ~$1.6B. This is the same weekly Strategy Inc. ATM update filed under the STRF preferred stock ticker.

8-KPress release / Reg FDSep 218-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (MSTR) filed its weekly bitcoin and ATM update across its preferred share tickers including STRF, reporting the purchase of 950 BTC at an average price of $79,670 (total $75.7 million) during September 14-20, 2026, with no ATM share sales in the period. Total bitcoin holdings as of September 20, 2026 stand at 846,000 BTC with a $63.80 billion aggregate cost ($75,416 average price). This is a routine weekly disclosure identical across Strategy's four preferred share tickers; no dilution occurred this week.

8-KPress release / Reg FDSep 148-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (STRF preferred class) disclosed the same weekly bitcoin and ATM update as STRC/STRK/STRD: no share sales or bitcoin transactions September 8-13, 2026; 845,050 BTC held at $63.73B ($75,412/BTC average). Routine weekly preferred-class disclosure — identical operational update filed across all four Strategy preferred series.

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

Strategy Inc. (MicroStrategy) disclosed that during August 31 – September 7, 2026, it did not sell any shares under its at-the-market offering program and did not purchase or sell any Bitcoin. As of September 7, 2026, Strategy holds approximately 845,050 Bitcoin acquired at an aggregate purchase price of $63.73 billion (average ~$75,432 per BTC). This is the same routine weekly ATM and Bitcoin treasury status update also filed under the STRD ticker — both STRD and STRF preferred stock series share the same 8-K filing from Strategy Inc.

8-KPress release / Reg FDSep 18-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
+ 79 other (42 proxys · 25 8-Ks · 3 routine 8-Ks · 3 13Gs) in window

Recent news

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

Strategy Acquires 250 BTC and Repurchases $192 Million of STRCbusinesswire.com·5d agoStrategy's Preferred: Fundamentals Behind The Daily Dividendsseekingalpha.com·16d ago3 High-Yield Financial Stocks to Buy in Octoberfool.com·16d agoStrategy and Carahsoft Partner to Streamline AI-Powered Governed Mission Data for Government Agenciesglobenewswire.com·45d agoStrategy to Host Live Q&A with Investors Featuring Michael Saylor and Phong Lebusinesswire.com·67d 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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