Strategy Strife Preferred
Provides fixed-rate cumulative preferred financing for a bitcoin treasury and enterprise analytics issuer.
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Profile
Represents cumulative, fixed-rate perpetual preferred equity issued to support Strategy's bitcoin treasury and corporate needs. The security ranks above the issuer's other preferred series but below debt, while dividends depend on board declaration, legally available funds, software cash flow, and access to capital markets.
Provides cumulative, fixed-rate perpetual preferred equity with quarterly cash dividends when declared and legally available. The security has no conversion feature, ranks above Strategy's other preferred series, remains junior to debt and subsidiary liabilities, and is not collateralized by bitcoin.
Funds a U.S.-listed issuer combining a bitcoin-centered treasury and capital-markets program with Strategy ONE enterprise analytics. Software revenue comes from licenses, subscriptions, support, and services, while capital raised through equity and debt supports bitcoin acquisition and corporate needs.
Dividend coverage depends on software cash flow and, when that is insufficient, access to equity or debt financing. Financing capacity can vary with bitcoin's value and market sentiment toward the treasury strategy. Unpaid regular dividends accumulate, and missed payments can raise the compounded-dividend rate and trigger governance rights.
Company facts
Key statistics
Year to date −1.5% · Average volume (30d) 80.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | −$2.19 | −$24.45 | −1,017.0% | $123.0M | $122.4M | −0.5% | −3.31% |
| May 5, 2026Q1 FY26 | −$0.86 | −$38.25 | −4,337.4% | $120.8M | $124.3M | +2.9% | +0.06% |
| Feb 5, 2026Q4 FY25 | −$0.08 | −$42.93 | −53,562.5% | $119.1M | $123.0M | +3.2% | +4.78% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $111.1M | $114.5M | $128.7M | $123.0M | $124.3M | $122.4M | |
| Gross profit | $77.1M | $78.7M | $90.7M | $81.3M | $83.4M | $81.6M | |
| Operating income | −$15.4M | −$15.5M | −$5.0K | −$10.0M | −$14.9M | −$8.33B | |
| Net income | −$4.22B | $10.02B | $2.79B | −$12.44B | −$12.54B | −$8.22B | |
| Diluted EPS | −$16.49 | $32.60 | $8.42 | −$42.93 | −$38.25 | −$24.07 | |
| Gross margin | 69.4% | 68.8% | 70.5% | 66.1% | 67.1% | 66.6% | |
| Operating margin | -13.9% | -13.6% | -0.0% | -8.1% | -12.0% | -6,808.1% |
Fiscal years (4-quarter sums)FY21 $510.8M · FY22 $499.3M · FY23 $496.3M · FY24 $463.5M · FY25 $477.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $2.45B · Total debt $6.77B · Total assets $52.56B · Shareholders' equity $45.33B
Dividends
Last cut to $2.50 from $2.639 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $2.50 | |
| Mar 13, 2026 | Mar 15 | Mar 31 | $2.50 | |
| Dec 15, 2025 | Dec 15 | Dec 31 | $2.50 | |
| Sep 15, 2025 | Sep 15 | Sep 30 | $2.50 | cut from $2.639 |
| Jun 13, 2025 | Jun 15 | Jun 30 | $2.639 |
Ownership
Shares outstanding 276.16M · Float —
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Phong Le · director, officer: President & CEO | 126.3K | 0.05% | Form 4 | Jun 9, 2026 |
| Andrew Kang · officer: EVP & CFO | 71.0K | 0.03% | Form 4 | Jun 9, 2026 |
| Wei-Ming Shao · officer: EVP & General Counsel | 32.7K | 0.01% | Form 4 | Nov 20, 2025 |
| Jarrod M. Patten · director | 28.4K | 0.01% | Form 4 | Jul 28, 2026 |
| Jeanine Montgomery · officer: VP & CAO | 11.2K | 0.00% | Form 4 | Jun 9, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 27, 2026 | Jarrod M. Patten | director | −1,950 | $98.48 |
| Jul 24, 2026 | Jarrod M. Patten | director | −1,950 | $92.46 |
| Jul 22, 2026 | Jarrod M. Patten | director | −1,250 | $100.00 |
| Jun 23, 2026 | Jarrod M. Patten | director | −1,500 | $106.08 |
| Jun 22, 2026 | Phong Le | director, officer: President & CEO | +11,000 | $90.80 |
Peers
- Twenty One Capital
Bitcoin-native capital-markets and treasury platform
- Microsoft
Enterprise analytics rival through Power BI and Microsoft Fabric
- MARA
Bitcoin miner with a large actively managed treasury
- Salesforce
Enterprise analytics rival through Tableau and CRM Analytics
- SAP (ADR)
Analytics rival within SAP's enterprise application ecosystem
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Strategy Strife Preferred | $101.65 | −0.32% | $30.20B | — | 3.0 | 79.4 | — |
| Twenty One Capital | $6.12 | +1.83% | $61.9M | — | — | — | — |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| MARA | $10.68 | +0.19% | $4.07B | — | — | 5.1 | −26.7% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| SAP (ADR) | $220.80 | −0.39% | $258.15B | 28.1 | 23.9 | 5.8 | +5.8% |
| Median | 28.1 | 23.9 | 5.4 | +8.3% |