STRK Dividend & Conversion: 8.00% Convertible Preferred
Terms, the 0.10 MSTR conversion right, and where STRK sits in the stack
STRK ("Strike") is Strategy's 8.00% convertible perpetual preferred stock: a fixed cumulative dividend on a $100 stated amount, paid quarterly, plus the right to convert each STRK share into 0.10 shares of MSTR common stock.
That conversion right makes STRK a hybrid: it behaves like an income instrument most of the time, but participates in MSTR upside if the common stock rallies far enough to make conversion valuable.
Key Terms
Each STRK share can convert into 0.10 shares of MSTR common stock.
Frequently Asked Questions
What is STRK stock?›
STRK is Strategy Inc's 8.00% Series A Perpetual Strike Preferred Stock. It pays a fixed cumulative dividend quarterly and is convertible into MSTR common stock at a ratio of 0.10 MSTR share per STRK share.
When is converting STRK worthwhile?›
Each STRK share converts into 0.10 MSTR shares, so conversion only makes economic sense when MSTR common trades above roughly ten times STRK's price. Until then, holders typically keep collecting the 8% dividend.
Is STRK cumulative?›
Yes — if Strategy skips an STRK dividend, the unpaid amount remains owed to holders and must be paid before common stock dividends.
Official Sources
For information only — not investment advice. Preferred dividends are paid only if declared by the board, and none of these securities are collateralized by Strategy's Bitcoin holdings.