Asset Intelligence / Hyperliquid Context
STRC
Archive-backed market intelligence for STRC: every HIPERWIRE mover article tied to this asset, plus a client-refreshed live market panel.
STRC tracks the value of 1 share of Strategy Inc's Variable Rate Series A Perpetual Stretch Preferred Stock (Stretch). Strategy, formerly MicroStrategy, is a corporate Bitcoin treasury company. STRC is a perpetual preferred share that pays cumulative cash dividends at a variable rate, adjusted to keep its market price near its $100 stated amount.
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Archive Summary
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How to Trade STRC (Strategy's Stretch Preferred) on Hyperliquid
STRC is Strategy Inc's Variable Rate Series A Perpetual Stretch Preferred Stock — a $100-par preferred share that the Bitcoin treasury company, formerly MicroStrategy, resets monthly to hold near its stated value. It is now tradeable as a HIP-3 perpetual futures contract, giving traders leveraged long or short exposure to the share's price. The catch in 2026 is that the anchor slipped: STRC has traded below $100 since mid-April and hit a record low near $82.53 in June, turning the gap to par into the trade.
Background reading selected from this asset's symbol, builder context, and archived catalyst coverage.