Three companies have added Strategy’s perpetual preferred stock, Stretch (STRC), to their balance sheets as the stock returns to its $100 par value.
Strategy said Prevalon Energy and Anchorage Digital revealed during presentations at Strategy World 2026 in Las Vegas that each company had allocated a portion of its corporate cash flow to STRC, Strategy’s variable-rate Series A perpetual expandable preferred stock, during the “Bitcoin for Business” track. In separate remarks at the conference, OranjeBTC, a Brazilian Bitcoin treasury company, also confirmed that it has added STRC to its balance sheet.
According to STRC.live, STRC briefly touched par during Wednesday’s trading session. Based on trading volume, it is estimated that approximately 22 BTC were purchased through STRC activity. In pre-market trading, STRC is at $100 again.
STRC is a short-term, high-yielding credit instrument that ranks senior to MSTR common stock and offers an annual dividend of 11.25%, distributed monthly.
The conference also featured additional announcements, including 21Shares bringing STRC exposure to Europe via the Strategy Yield ETP on Euronext Amsterdam.
Separately, Morgan Stanley plans to introduce bitcoin trading, lending, yielding and custody services, with Amy Oldenburg, head of digital assets strategy at Morgan Stanley, confirming the plans during a roundtable discussion with strategy CEO Phong Le.
Bitcoin is trading above $68,000, while MSTR rose 9% on Wednesday and is slightly lower on Thursday, at around $135.
