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STSTRF

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock

$STRF·$28B·Software - Application·Technology
$102.44+0.8%YTD-6.2%1Y-8.0%
Mentions · last 7 days
2026-08-22: 1 posts2026-08-23: 2 posts33-18%
Price updated 5h ago·X counts updated 8d ago
STSTRF
$STRFMicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock
$102.44+0.78%33 posts-18%
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 $STRF, 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.

Stuck sidewaysWinding up for a moveAI verdict · as of 2026-08-30

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

Strategy STRF 10% Perpetual Preferred over par — 843,775 BTC treasury, MSTR raised $2B cash equal to debt, retail yield play.

STRF is Strategy's (MSTR) 10% Series A Perpetual Strife Preferred Stock. Preferred instrument tied to the world's largest institutional Bitcoin treasury (843,775 BTC as of Q2).

How it reads:

  • Financials are the underlying operating company: Q1 revenue +11.9% YoY to $124M, Q4 was +2.7% — modest MicroStrategy-software growth.
  • Margins reflect operating co: 94% operating margin (Q1 was -12% on stock-based comp/BTC-mark noise) — misleading in isolation.
  • Valuation is preferred-specific: STRF trades over par as a fixed-income proxy with BTC exposure — 21.3% FCF yield reflects the preferred-coupon math applied.
  • Position is neutral: 55th percentile 52w, 6% above 50-day, 2% above 200-day on 79% baseline volume — quiet range typical of a preferred.
  • Bull tell: STRF over par with 'x50 BTC rating', MSTR raised $2B cash equal to debt (potentially retiring all leverage), retail projects STRF yield approaching US 30yr over 10 years (implying $192/share).
  • MSTR holds 843,775 BTC, largest institutional holder globally — the asset backing.
  • Aug 10 weekly ATM update showed zero STRF sold Aug 3-9 — no dilution.
  • Insider small routine: $850K S-Sale (Patten officer plus M-Exempt) — compensation-cycle.

The Nov 4 print is the test (MSTR-level) — reiterated BTC-treasury strategy plus specific STRF-issuance/repurchase commentary holds the setup; a BTC-price collapse plus forced STRF issuance would pressure the preferred to $85.

Agrees with X sentimentAgree — the bullish anchors (STRF now over par with x50 BTC rating, MSTR raised $2B cash equal to its debt potentially retiring all leverage, STRF yield approaching US 30yr over 10 years implying $192/share, $1M invested paying $100k annually tax-free after basis converts to LTCG) map to real signals; the honest add is STRF is a preferred instrument — the 10% coupon plus BTC-treasury backing is the whole thesis, not equity-like appreciation.

What to watch: Nov 4 MSTR earnings — reiterated BTC-treasury strategy plus specific STRF-issuance/repurchase commentary holds the setup; a BTC-price collapse plus forced STRF issuance would pressure the preferred to $85 support.

On the calendar: 2026-11-04 — MSTR Q3 earnings

beta missing

X sentiment

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

Bullish sentiment5 posts analyzed · as of 2026-08-30

STRF holders are exuberant after the preferred moved above par, with posters expecting Strategy to retire debt and speculating that yield could grind toward the US 30-year over the next decade, implying roughly $192 per share. A long-form post lays out how $1M in STRF can pay roughly $100k a year with Return-of-Capital tax treatment to finance a house while keeping capital liquid. The framing is that STRF becomes the best fixed-income instrument on earth.

Read the AI verdict + X sentiment for $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)
  • 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.

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

SaaS multiples remain compressed as rate-sensitive valuations weigh on pure-play software; customers are lengthening deal cycles outside of AI-native workloads. AI co-pilot upsell is the only clear near-term catalyst — companies without it are treading water.

What this means for $STRF

Direct beneficiary — business directly tied to crypto market cap and adoption cycle; Fixed 10% perpetual preferred stock paying quarterly cash dividends, providing i.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-4.2%YTD
+2.5%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 earningsWed, Nov 4·consensus EPS $13.29

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.0.8×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.55%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.+6.0%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.+2.1%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.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

SellAug 25Jarrod M PattenDirector2.8K sh$348KSellAug 24Jarrod M PattenDirector925 sh$113KSellAug 7Jarrod M PattenDirector3.8K sh$389KSellJul 27Jarrod M PattenDirector1.9K sh$192KSellJul 24Jarrod M PattenDirector1.9K sh$180KSellJul 22Jarrod M PattenDirector1.3K sh$125KSellJun 23Jarrod M PattenDirector1.5K sh$159KBuyJun 22Phong LeCEO11.0K sh$999KSellJun 17Jarrod M PattenDirector1.5K sh$182KBuyJun 16Thomas C. ChowEVP & General Counsel111 sh$10K
1–10 of 33
+ 43 other (36 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
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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 FDAug 248-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
8-KPress release / Reg FDAug 178-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (STRF, a Strategy Inc. preferred security) filed an 8-K under Items 7.01 and 8.01, furnishing a Regulation FD disclosure and other material information effective August 17, 2026. This filing is part of Strategy Inc.'s multi-ticker disclosure event covering Bitcoin treasury operations and investor communications across its common and preferred share classes.

8-KPress release / Reg FDAug 108-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (STRF) disclosed its weekly ATM program update for August 3–9, 2026: zero shares of 10.00% Series A Perpetual Strife Preferred Stock (STRF) were sold during the period, with $1,619.3 million remaining available for issuance. The update covered all four preferred ATM programs. No capital was raised under the STRF ATM in the reported week.

8-KPress release / Reg FDAug 38-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

STRF filed an 8-K (Item 7.01) for a Regulation FD disclosure. A presentation or investor communication is being furnished as an exhibit. Reg FD disclosures are furnished rather than filed and are not typically market-moving on their own, but may contain forward-looking statements or strategy updates.

8-KPress release / Reg FDJul 308-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

Strategy Inc reported Q2 2026 financial results for the quarter ended June 30, 2026 via press release, with this 8-K filed on behalf of the 10.00% Series A Perpetual Strife Preferred Stock (STRF, Nasdaq). The company's bitcoin holdings and KPI metrics are disclosed via its public 'Strategy Dashboard' under Reg FD. Specific financial figures are in the attached press release. This is one of four concurrent preferred stock quarterly earnings filings from the bitcoin treasury holding company.

8-KPress release / Reg FDJul 278-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

STRF (STRF) furnished Reg FD materials under Item 7.01 (Reg FD), filed 2026-07-27. Reg FD disclosures are furnished (not filed) — commonly investor slides, strategy updates, or guidance. Review the exhibit for material new information about business outlook.

8-KPress release / Reg FDJul 208-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. filed its weekly ATM update for July 13–19, 2026. Only MSTR Class A common shares were sold (2,732,318 shares, $263.5 million net); no STRF (10% Series A Perpetual Strife Preferred) shares were issued during the period. Remaining STRF ATM capacity stands at $1,619.3 million. With no new STRF shares sold, outstanding count and dividend obligations on the 10% preferred are unchanged, preserving existing holders' position.

8-KPress release / Reg FDJul 138-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Strategy Inc. (STRF) — 8-K (Items 7.01, 8.01) providing an update on the company's bitcoin holdings and preferred stock (Series A Stride, ticker STRF) as of July 13, 2026. Disclosure made under Reg FD. Informational — routine treasury-update filing for Strategy's bitcoin-accumulation and preferred stock program.

+ 69 other (30 proxys · 24 8-Ks · 4 424B5s · 4 13Gs) in window

Recent news

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

Strategy to Host Live Q&A with Investors Featuring Michael Saylor and Phong Lebusinesswire.com·21d agoThe Way We Chose To Take Exposure To What Strategy Offers Usseekingalpha.com·24d agoStrategy Announces Second Quarter Financial Results; Currently Holds 843,775 Bitcoin; Now the Largest Institutional Holder Globallybusinesswire.com·32d agoStrategy Initiates STRC Repurchases and Announces Ongoing Buyback Policybusinesswire.com·36d agoStrategy Announces Earnings Release Date and Live Video Webinar for Second Quarter 2026 Financial Resultsbusinesswire.com·54d 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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