Update
Strategy Inc. Announces Stretch Security Update
Michael Saylor, founder and executive chairman of Strategy Inc., linked the company’s income-producing securities, Stretch, to four centuries of financial history. Stretch is a variable-rate preferred stock traded as STRC, combining established financing structures with bitcoin reserves. The preferred shares have no scheduled maturity and a board-determined monthly dividend-rate policy designed to encourage trading around their $100 stated amount. Strategy’s initial Stretch offering closed in July 2025, raising approximately $2.521 billion before expenses, with net proceeds funding 21,021 bitcoins.