Preferred Stock STRF Performance Strong, Up 36% in Nine Months, Emerging as the Most Prominent Credit Product
BlockBeats News, December 5th, according to CoinDesk, Strategy (MSTR)'s Senior Secure Equity, STRF, has risen by 36% since its issuance in March, with the current price at $110, witnessing a significant 20% rebound from the November 21st low point. STRF is highly correlated with Bitcoin's trend, and its rebound is in sync with Bitcoin stabilizing around $80,000.
STRF features a 10% fixed annual interest rate, governance rights, and a penalty interest rate mechanism. Due to its high-level protection and lower risk, it continues to experience strong market demand, with the current effective yield at approximately 9.03%.
Since October, the spread between STRF and the Mezzanine Preferred Stock, STRD, has continued to widen in the market, reaching a historical high in November, indicating investors' concentrated buying of low-risk varieties. Meanwhile, Strategy announced a $1.44 billion cash reserve for preferred stock dividends, driving the common stock price from a low point of $155 at the beginning of the month to $185, significantly improving overall market sentiment.
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