STRF Preferred Stock (Strategy Strife) token
Overview
STRF is a series of perpetual preferred stock issued by Strategy Inc, the Nasdaq-listed entity formerly known as MicroStrategy that has restructured its balance sheet around bitcoin holdings. The company, which trades under the ticker MSTR and is the largest corporate bitcoin holder, launched four such instruments in 2025: STRK, STRF, STRD and STRC. These securities, marketed as Strife, have an aggregate value of approximately $4 billion. They are high-yield perpetual instruments designed to provide investors with exposure to bitcoin while offering lower volatility than the common stock, and to raise capital for additional bitcoin purchases. Executive chairman Michael Saylor oversees the acquisition strategy.
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Questions on the record
Who issues STRF?
STRF is issued by Strategy Inc, the Nasdaq-listed entity previously known as MicroStrategy.
Why does Strategy issue these securities?
Strategy issues these securities to raise capital via high-yield perpetual instruments, designed to provide investors with exposure while reducing bitcoin volatility and risk relative to the common stock.