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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.
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
- 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.
- 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.
- 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.
- How is STRC different from other names on Hyperliquid, 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.
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