Strife price
Price chart for Strife (STRF) with a time-range selector. Between October 27, 2025 and October 27, 2026, STRF hit a high of 109.81 USD on November 3, 2025 and a low of 84.37 USD on June 22, 2026, a −7.1 % change over the period.
View the chart data (12 closes)
| Date | Close |
|---|---|
| 108.83 USD | |
| 109.06 USD | |
| 105.07 USD | |
| 97.76 USD | |
| 100.29 USD | |
| 99.90 USD | |
| 101.49 USD | |
| 84.37 USD | |
| 94.76 USD | |
| 101.65 USD | |
| 103.40 USD | |
| 101.10 USD |
Source: Yahoo Finance · data updated October 28, 2026.
Strife (STRF) is Strategy's second perpetual preferred, issued in March 2025 with a fixed 10% annual cumulative yield on a $100 par value. The yield — 2 points above STRK — reflects market conditions at the time of issuance and lower liquidity relative to the first issuance. Because it is cumulative, any unpaid dividend accrues and must be paid before any distribution to common shareholders. Strategy holds a redemption option from May 2027 onward. It is designed for institutional investors seeking predictable cash flow with indirect exposure to Michael Saylor's BTC strategy.
How do you buy STRF?
Where they trade, which brokers list them —and why some do not— and how the dividend is withheld.
Track Strife in your portfolio
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Yield Calculator
Base price: $101.10 · 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: $10.00Instrument Terms
Capital Structure
Same seniority level as STRK. Senior to MSTR. Junior to secured debt.
Bitcoin Exposure
Same exposure profile as STRK: a fixed USD dividend backed by Strategy's balance sheet of more than 766,000 BTC.
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.
Cumulative, but not guaranteed
If the issuer skips a dividend, the amount accrues and must be paid before any distribution to common shareholders. The protection is real but has a limit: accrued dividends are only collected if the company survives. While unpaid, they earn no interest and are not adjusted for inflation.
Call risk (early redemption)
From May 2027 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.
Frequently asked questions
What is STRF?
STRF (Strife) is Strategy's second perpetual preferred, from March 2025. It pays a cumulative 10% per year on a $100 stated amount, quarterly, and it does not mature. Cumulative means whatever Strategy does not pay accumulates and must be settled before any distribution to the common stock. Strategy may redeem it from May 2027.
How does the STRF dividend work?
10% per year on the $100 stated amount, paid quarterly, which is $2.50 per share each quarter. Because it is cumulative, a missed quarter does not disappear: it stays owed and ranks ahead of the MSTR dividend. The redemption date is May 2027, so from then on Strategy can call it if that suits.
How is STRF different from STRD?
In the one thing that really matters here: STRF is cumulative and STRD is not. Both pay the same 10% on a $100 stated amount and both are Strategy perpetuals. But if Strategy skips a quarter, on STRF that dividend stays owed and on STRD it is lost. That is why STRD is considered the riskiest of the series.
Where can I buy STRF?
STRF trades in the United States, so you need a broker with access to that market that carries the ticker. US preferred stock is considerably less available on European retail brokers than common stock, so it is worth checking before opening an account.
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.