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About MicroStrategy STRC
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.
On Hyperliquid, STRC trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
STRC is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: AI & Big Tech, Other.
Frequently Asked Questions
- Does trading STRC give me any of the rights of owning the actual Stretch preferred share, including its dividend?
- No. STRC is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the actual preferred share. It gives price exposure only — it does not pass through the cumulative cash dividend that real Stretch shareholders receive, and carries no shareholder rights or claim on the underlying security.
- How is STRC different from other names, like MSTR?
- STRC tracks Strategy's preferred stock, which pays a dividend and is designed to stay near a $100 price target. MSTR, by contrast, tracks the same company's common stock — a different security, with no dividend design and no price target.
- Does STRC's price behave like a normal common stock?
- Not exactly. The underlying Stretch preferred share is designed with a variable dividend rate that adjusts specifically to keep its market price near a $100 stated amount, which tends to dampen its price swings relative to common stock. MSTR, Strategy's common stock, has no such price target or dividend-driven stabilization mechanism — it floats freely with the market.
- What is STRC on Hyperliquid?
- STRC on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 share of Strategy Inc's Variable Rate Series A Perpetual Stretch Preferred Stock (Stretch) — a perpetual preferred share that pays cumulative cash dividends at a variable rate, adjusted to keep its market price near its $100 stated amount. Strategy, formerly MicroStrategy, is a corporate Bitcoin treasury company. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem, so you can go long or short without holding any shares.
- Why can STRC's Hyperliquid price differ from the underlying market's price?
- STRC's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade STRC on Hyperliquid around the clock?
- Yes. STRC trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
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