Strategy Preferred Stock STRF performed strongly, rising 36% in nine months, becoming the most outstanding credit product.

On December 5, according to CoinDesk, Strategy’s (MSTR) senior perpetual preferred stock STRF has risen 36% since its issuance in March, currently priced at $110, and has rebounded sharply by 20% from its November 21 low. STRF is highly correlated with Bitcoin’s performance, and its rebound coincided with Bitcoin stabilizing near $80,000. STRF features a 10% fixed annual interest rate, governance rights, and a punitive interest rate mechanism. Due to its high level of protection and lower risk, it continues to see strong market demand, with a current effective yield of about 9.03%. Since October, the yield spread between STRF and the junior preferred stock STRD has continued to widen, reaching a historic high in November, indicating investors are concentrating on low-risk options. Meanwhile, Strategy announced a $1.44 billion cash reserve for preferred stock dividends, which helped push common shares up from an early-month low of $155 to $185, significantly improving overall market sentiment.