MSTR preferred stock STRF surged 36%, skyrocketing along with BTC's stabilization

2025-12-05 14:26:21

[BlockBeats] Recently noticed that Strategy’s (MSTR) senior perpetual preferred stock STRF has been performing quite strongly, up 36% since its issuance in March and currently trading around $110. What’s even more impressive is that it bounced back 20% from the low point on November 21.

This thing is closely tied to BTC’s performance—when Bitcoin holds steady around $80,000, STRF takes off as well. Its design is pretty interesting: it pays a fixed 10% annual interest, includes governance rights, and features a punitive rate as a safety net if the company runs into issues. Compared to higher-risk options, it’s more suitable for conservative players, with an actual yield of about 9.03% right now.

What’s also interesting is that since October, the yield spread between STRF and the junior preferred stock STRD has been widening, even hitting a record high in November. Essentially, everyone is flocking to the lower-risk side. Strategy is doing its part too, setting aside $1.44 billion in cash specifically for dividends. After the news broke, the common stock surged from $155 at the start of the month to $185, and the overall market sentiment has clearly improved.

BTC3.69%

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screenshot_gains

· 12-06 09:46

A yield of $110 is so attractive, no wonder everyone is rushing in. As long as BTC doesn't drop, this thing is a guaranteed win. The yield spread between STRF and STRD is pretty insane, the market is really scared. 10% fixed rate sounds great, but it all depends on whether the strategy itself can hold up.

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AirdropHunter420

· 12-05 14:56

This thing offers stable returns plus the boost from BTC trends. Looks pretty appealing to me, just need to wait for Bitcoin to stop being so volatile. The design of STRF is indeed something special. A fixed 10% interest rate is solid passive income—much more reliable than those high-risk, high-reward projects. Another wave of people is flocking to low-risk options. This time, I’m definitely not the only one feeling nervous. This price surge is insane. Feels like Musk is up to something again. When BTC stabilizes, STRF soars. I’ve seen this nesting doll phenomenon happen many times. $110 at this level is pretty sweet. Thinking about getting in.

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JustHodlIt

· 12-05 14:48

A 36% increase is pretty good, but it just feels like a tool riding on BTC's coattails. The STRF design, with fixed interest and governance rights, is definitely more reliable than those flashy varieties. A low-risk 9% yield beats most current financial products. Looking at the rebound in November, the market is indeed piling into the conservative side, but it’s hard to say how long this risk equilibrium can last. STRF is pretty good for strategic allocation, just don’t go all in.

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DataChief

· 12-05 14:47

The performance of STRF is indeed pretty impressive, but I still feel it's a bit too dependent on BTC's movements. This surge in STRF is mainly following Bitcoin's lead. If BTC hadn't held steady at $80,000, how could it have taken off at all? A fixed 10% yield sounds nice, but with the market being so competitive right now, the real opportunities probably aren't here. Low-risk products provide a safety net, but that's about it—nothing that really makes me want to buy. This record-setting yield spread is just about risk preference being reallocated; there's nothing particularly new about this approach.

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StakeTillRetire

· 12-05 14:39

A 10% fixed interest rate is pretty tempting, but can this kind of thing really withstand bull and bear markets? MSTR is tied to BTC, so if BTC drops one day, this thing will go down with it. Don’t be fooled by the high interest. $110 is a bit high at this level; those who bought the dip are the real winners. An actual return of around 9% sounds nice, but what about the risks? Perpetual preferred stock sounds permanent, but what’s the real conclusion? Everyone is flocking to low-risk options—what does that tell you? The market is starting to panic. STRF’s fast rise isn’t because it’s outstanding, it’s just because of BTC; don’t think this is some great asset. Fixed interest sounds appealing, but what about liquidity? Can you exit anytime? This thing is basically just a bet on MSTR and BTC, no matter how fancy the packaging. A widening interest rate spread just means money is seeking safety; do you really understand what’s happening? Not much else to say, I don’t really get the design logic here. I’ll have to research it more.

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ShitcoinArbitrageur

· 12-05 14:31

The trend of STRF is indeed tied to BTC, but a 10% fixed interest still sounds a bit too good to be true. STRF has had a nice rally this time; it’s a good choice for low-risk arbitrage. Let’s see if BTC can hold above 80,000—only then is STRF real profit. Another product that relies on BTC; don’t get trapped in it when the time comes. To be honest, a 9% actual yield is already pretty good in this environment. Everyone is crowding into low-risk options, which means some people are getting nervous. STRF went up 36%; why didn’t I get in earlier? This preferred share design is pretty good, but I still don’t quite trust the company behind the strategy. Perpetual preferred shares sound stable, but “perpetual” is a joke in the crypto world. Talking about risk protection sounds nice, but what happens when it really matters?

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