Price chart
Loading Lighter candles…
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 Lighter, STRC is a synthetic perpetual market with its own order book, so its mark price, funding rate and open interest can differ from the same instrument on another venue.
STRC is listed as a Lighter synthetic 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.
- STRC on Lighter is a synthetic perpetual market that tracks 1 share of Strategy Inc's Variable Rate Series A Perpetual Stretch Preferred Stock (Stretch). It trades on Lighter, so you can go long or short without holding any shares.
- STRC on Lighter is a synthetic perpetual market that tracks 1 share of Strategy Inc's Variable Rate Series A Perpetual Stretch Preferred Stock (Stretch). It trades on Lighter, so you can go long or short without holding any shares.
- Can STRC's price on Lighter differ from the price on other venues?
- Yes. Lighter's STRC market runs its own order book, so its mark price, funding rate, and open interest can differ from the same instrument on another venue.
- What does it mean that Lighter runs its own order book?
- An order book is the live list of buy and sell orders in a market. Because STRC on Lighter has its own book, prices are set by the orders on Lighter itself rather than imported from any other market.
Related instruments
Other Lighter markets sharing this asset's sectors.
Related articles
- Leveraged ETF Perps: Three Kinds of Leverage in One PositionSOXL, TQQQ, SOXS and TZA trade as perpetual futures on crypto venues. Work through the daily-reset arithmetic that makes a flat index cost money in both directions, what the perp wrapper adds on top, and why shorting both sides is a path bet rather than a free harvest.
- How crypto leverage trading worksCrypto leverage lets you control a larger position with a smaller deposit of collateral.
- Open Interest in Crypto: What It Tells You and How to Read ItUnderstand what Open Interest (OI) measures, how it differs from trading volume, and how to analyze price and OI trends to detect market squeezes.
