Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred Stock, trading under the ticker STRC, has reached a market capitalization of $10.5 billion in less than 10 months since the issuance of the shares.
According to an announcement made by Strategy CEO Phong Le STRC has emerged as the largest preferred stock worldwide in terms of market cap.
A chart shared alongside the announcement showed STRC ahead of several major bank-issued preferred shares, including preferred stocks from Wells Fargo ($4.7 billion), Bank of America ($3.7 billion), and issuances linked to Citigroup, JPMorgan Chase, Fannie Mae, and Freddie Mac.
This ranking was compiled by Bloomberg’s screen of global exchange-listed preferreds as of April 20, 2026.
STRC is a perpetual preferred stock issued by Strategy Inc., a company known for its substantial Bitcoin holdings. Its dividend payment rate is flexible and is currently set at an 11.50% annual dividend, which is paid monthly.
STRC was meant to trade near its par value of $100, with a dividend rate that is adjusted every month.
In 10 months, $STRC went from zero to $10.5B in market cap, more than doubling the size of the 2nd largest preferred in the World. pic.twitter.com/3xE8x7lGom
— Phong Le (@phongle) May 22, 2026
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