Corporate adoption of Strategy’s perpetual preferred equity instrument accelerated this week as three companies disclosed treasury allocations to STRC during major presentations at the company’s annual conference in Las Vegas.
The developments coincide with a significant market milestone for the security, which briefly touched its $100 par value during Wednesday trading after months of trading below that threshold.
Growing Corporate Interest in STRC
Energy company Prevalon Energy and digital asset custody provider Anchorage Digital both revealed treasury allocations to STRC during the “Bitcoin for Corporations” presentations at Strategy World 2026. The companies join a growing list of institutional adopters of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock.
Adding to the corporate momentum, Brazilian bitcoin treasury specialist OranjeBTC confirmed in separate conference remarks that it has also added STRC positions to its balance sheet. The company’s allocation represents expanding international interest in the instrument.
The preferred equity offers an 11.25% annual dividend distributed monthly and ranks senior to MSTR common stock in the capital structure. As a short duration, high yield credit instrument, STRC provides corporate treasuries with exposure to Strategy’s bitcoin strategy while offering income generation.
STRC Trading Returns to Par Value
Market data from STRC.live showed the security briefly reached its $100 par value during Wednesday’s session, marking a recovery from previous trading below that level. Trading volume analysis suggests approximately 22 bitcoin worth of activity flowed through STRC transactions during the session.
The return to par reflects growing institutional confidence in the instrument as corporate adoption expands. Pre market activity on Thursday showed STRC continuing to trade at the $100 level, indicating sustained demand.
Strategy’s broader market performance has also strengthened, with MSTR shares climbing 9% on Wednesday. The stock traded around $135 in Thursday pre market activity, showing slight weakness but maintaining gains from the previous session.
European Access Through New ETP
Institutional access to STRC is expanding globally through new products announced at the conference. Asset management firm 21Shares revealed plans to bring STRC exposure to European investors through the Strategy Yield ETP, which will trade on Euronext Amsterdam.
The European trading product represents a significant expansion of STRC accessibility beyond U.S. markets. European institutional investors have shown growing interest in bitcoin related instruments, and the new ETP provides exposure to Strategy’s preferred equity structure.
The launch comes as European regulatory frameworks for digital assets continue evolving, creating new opportunities for institutional products that provide bitcoin exposure through traditional securities structures.
Wall Street Expansion Plans
Major financial institutions are also expanding their digital asset capabilities, with Morgan Stanley announcing comprehensive bitcoin services during the conference. Amy Oldenburg, the firm’s Head of Digital Asset Strategy, confirmed plans for bitcoin trading, lending, yield generation, and custody services during a panel discussion with Strategy CEO Phong Le.
The Morgan Stanley expansion represents another validation of institutional bitcoin adoption trends. The firm’s entry into comprehensive bitcoin services follows similar moves by other major Wall Street institutions over the past year.
These developments occur as bitcoin continues trading above $68,000, maintaining strength near multi month highs. The cryptocurrency’s performance has supported renewed institutional interest in bitcoin related investment products.
Market Context and Outlook
The corporate treasury adoption of STRC reflects broader institutional acceptance of bitcoin exposure through traditional securities structures. Companies seeking bitcoin exposure while maintaining familiar investment frameworks have found preferred equity instruments attractive alternatives to direct cryptocurrency holdings.
Strategy’s preferred equity structure allows corporate treasuries to gain bitcoin exposure while receiving regular income through dividend payments. The senior ranking relative to common stock provides additional security for institutional investors.
The instrument’s return to par value suggests market confidence in the underlying strategy and corporate adoption trends. As more companies disclose treasury allocations, the precedent for corporate bitcoin adoption through structured products continues strengthening.
Strategy World 2026 highlighted the growing intersection between traditional corporate finance and bitcoin strategies. The conference featured presentations from companies across various industries exploring bitcoin treasury management approaches.
The European expansion through 21Shares and Wall Street service expansion from Morgan Stanley indicate institutional infrastructure for bitcoin exposure continues developing rapidly. These developments create additional pathways for institutional capital to access bitcoin related investments.
Corporate treasury adoption represents a significant driver for bitcoin related securities as companies seek ways to participate in digital asset appreciation while managing regulatory and operational complexities. The STRC model provides one approach that addresses these institutional requirements while offering regular income generation.
Leave a Reply