Retail Investors Own 80% of Strategy's STRC Shares

Strategy, the enterprise software firm known for its extensive Bitcoin holdings, disclosed that retail investors now own approximately 80 percent of its Stretch preferred shares, or STRC, a figure that underscores growing individual interest in stable, yield-generating cryptocurrency-linked products. CEO Phong Le shared the detail on social media on March 26, 2026, noting that everyday investors favor low-volatility, high-yield digital credit options amid broader market turbulence.

The STRC instrument, a variable-rate perpetual preferred stock, pays an annualized dividend of about 11.5 percent, distributed monthly in cash. This rate, which rose 0.25 percentage points in March from 11.25 percent the prior month, adjusts based on market conditions to keep the share price anchored near its $100 par value. Trading recently at 99.94, the security offers predictable returns without a maturity date, distinguishing it from traditional bonds that require principal repayment. Holders benefit from a put option allowing repurchase at par during unfavorable Bitcoin conditions, while the company can force repurchases when Bitcoin appreciates.

This structure appeals to investors seeking...