Stride price
Price chart for Stride (STRD) with a time-range selector. Between September 8, 2025 and September 11, 2026, STRD hit a high of 83.42 USD on September 29, 2025 and a low of 53.48 USD on June 22, 2026, a −7.9 % change over the period.
View the chart data (12 closes)
| Date | Close |
|---|---|
| 82.19 USD | |
| 78.63 USD | |
| 67.54 USD | |
| 77.51 USD | |
| 76.78 USD | |
| 77.52 USD | |
| 74.80 USD | |
| 76.32 USD | |
| 71.50 USD | |
| 60.76 USD | |
| 67.83 USD | |
| 75.68 USD |
Source: Yahoo Finance · data updated September 12, 2026.
Stride (STRD) is Strategy's fourth preferred issuance, with a 10% annual yield paid quarterly on a $100 par value. Although it shares its yield with STRF, STRD is non-cumulative — if Strategy cannot or chooses not to pay the dividend in a given quarter, the investor loses that payment with no future claim. This structural difference makes it the riskiest instrument in the series from a contractual-yield standpoint, and it typically trades at a somewhat lower secondary price. Strategy holds a redemption option from January 2028 onward.
How do you buy STRD?
Where they trade, which brokers list them —and why some do not— and how the dividend is withheld.
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Yield Calculator
Base price: $75.68 · snapshotIndicative calculation. Dividends depend on the issuer declaring them each period, are not guaranteed and exclude tax withholdings and broker fees. The share count rounds down and assumes a market purchase at the price shown.
Dividend History
Total paid: $2.50Instrument Terms
Capital Structure
Pari passu with STRK, STRF and STRC. Senior to MSTR common stock. Junior to debt.
Bitcoin Exposure
Same profile as the rest of the Strategy series: a fixed dollar dividend backed by the largest corporate BTC balance sheet in the world.
Specific Risks
5 factors identifiedIssuer credit risk
Strategy's preferreds are not collateralized by the company's Bitcoin reserves. They are an unsecured obligation: in a bankruptcy scenario, senior bondholders are paid first and preferred holders only recover from residual assets afterwards. The backing is credit-based, not a BTC collateral pledge. A severe and prolonged drop in the Bitcoin price could compromise the issuer's ability to service the dividends.
Non-cumulative dividend
If the issuer's board decides not to declare the dividend in a given period, the investor loses that payment with no future claim. Unlike a cumulative preferred, missed periods are not recovered when payments resume.
Call risk (early redemption)
From Jan 2028 onward, the issuer may redeem the issuance at par value ($100 per share). If market rates are lower than the current yield by then, it will likely do so: the investor gets the principal back and must reinvest it at worse yields. This scenario is especially relevant for instruments trading at a premium to par.
Interest rate sensitivity
Like any perpetual fixed income instrument, the secondary price moves inversely to rates. A significant rise in interest rates can cause sharp price declines even if the issuer keeps paying dividends on time. The effect grows with effective duration, and perpetuals are the most sensitive.
Stacked dividend obligations of the issuer
Strategy has issued 5 distinct fixed income instruments (STRK, STRF, STRC, STRD, STRE) coexisting in the same capital structure. Each new issuance adds dividend obligations on the same underlying Bitcoin balance sheet. In a prolonged BTC bear market, the issuer's cash flow to service all dividends simultaneously could compress and force prioritization decisions across issuances.
This risk analysis is for information purposes only and does not constitute financial advice. The official prospectuses (SEC) contain the full risk factor disclosure and should be reviewed before investing.
Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.