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Project Overview
Stride is a Cosmos staking protocol designed to bring liquid staking to the Cosmos ecosystem.
Michael Saylor: Digital Credit Could Be the Next Billion-Dollar Financial Opportunity
Odaily News: Michael Saylor, Executive Chairman of digital asset financial firm Strategy, stated that if you're looking for the next billion-dollar financial business, you should explore digital credit. He noted that digital credit can transform Bitcoin-centered capital strategies into yield-generating products. Within Strategy's digital credit product line, the Stride Preferred Stock (STRD), Stretch Preferred Stock (STRC), Strike Preferred Stock (STRK), and Strife Preferred Stock (STRF) offer effective yields of 15.29%, 12.63%, 12.08%, and 10.38%, respectively. These preferred securities provide the company with an additional financing avenue beyond common stock and debt.
Strategy Plans to Change STRC Preferred Stock Dividends to Semi-Monthly
Odaily News: Strategy has proposed adjusting the dividend mechanism for its STRC preferred stock, planning to change the current monthly dividend distribution to twice a month (semi-monthly), subject to shareholder approval.STRC is a perpetual preferred stock, targeting trading near a par value of $100, with its price regulated through a floating dividend mechanism. The current annualized dividend yield is approximately 11.5%. The company stated that increasing the dividend frequency helps reduce reinvestment lag, enhance market liquidity, and improve price stability.STRC is one of a series of preferred stock financing instruments within Strategy, forming part of its capital structure alongside products like STRF, STRE, STRK, and STRD. These instruments have already helped the company raise significant funds for its ongoing accumulation of Bitcoin.
STRC Perpetual Preferred Shares Record $1.1 Billion in Daily Trading Volume, Continuously Fueling the Engine for BTC Accumulation
Odaily News Bitcoin treasury company Strategy's perpetual preferred shares, STRC, recorded approximately $1.1 billion in trading volume on April 13, representing a nearly 47% increase from the previous record. This has become a core financing tool for the company to accelerate its Bitcoin accumulation. Strategy raises capital by selling preferred shares like STRC and uses the funds for high-frequency Bitcoin purchases.Data shows that Strategy recently purchased 13,927 BTC for approximately $1 billion, bringing its total holdings to 780,897 BTC. The related funds primarily came from the issuance of over 10 million STRC shares. Within the overall capital plan, STRC, along with STRK, STRF, STRD, and common stock financing, constitutes its "42/42" financing framework. The goal is to raise $84 billion by 2027 for continuous Bitcoin purchases. Current market views suggest that STRC is gradually becoming the dominant instrument within this financing system. (The Block)
Stride announces orderly shutdown of on-chain operations, stTokens will be migrated to Osmosis pools
In a post on their official X account, the Stride team announced an orderly shutdown of the Stride chain. Stride Labs and the Stride Association are running critically low on funds. At the current burn rate, capital will be exhausted by February 2027, with the current on-chain TVL at approximately $6 million. The specific schedule is as follows: • By October 12: Users can redeem stTokens normally on Stride • On October 12: New redemptions will be paused, and the remaining staked assets will begin unbonding • Around November 20: The Osmosis pool will go live, and redemption functionality will resume All stTokens (including stATOM, stOSMO, etc.) and their underlying assets will be migrated to Osmosis’ Transmuter pool at a fixed redemption rate, with the redemption mechanism shifting to direct token swaps. Following the migration, stToken rewards will cease to accrue, but redemption rights will remain valid indefinitely. Users holding stTokens on other chains do not need to bridge them back to Stride and can redeem directly on the Osmosis pool.
The Stride chain will cease operations, and stTokens will be migrated to Osmosis for redemption
Cosmos ecosystem liquid staking protocol Stride has announced plans to wind down the Stride chain's operations in an orderly manner. Users can redeem stTokens through Stride before October 12, after which the redemption function will be suspended; once the underlying staked assets are fully unlocked, a redemption pool is expected to go live on Osmosis around November 20.stTokens will not expire, users do not need to take action before the migration, and stTokens already deployed on other chains do not need to be bridged back to Stride. stTokens such as stATOM and stOSMO, along with their corresponding underlying assets, will be migrated to Osmosis's Transmuter pool and exchanged at a fixed redemption ratio; reward accrual will cease after the migration is complete. Stride stated that Stride Labs and Stride Association have limited financial reserves, and at the current burn rate, funds are expected to be depleted by February 2027.
Dividends to Be Accrued Daily as Strategy Proposes Adjusting Payment Mechanisms for STRF and Three Other Products
Michael Saylor posted on X that the proposal covers STRF, STRC, STRK, and STRD. Dividends will accrue on each calendar day, including weekends and holidays, and will be paid on the next business day; the relevant economic terms remain unchanged. The proposal aims to support price stability, liquidity, and demand.
Strategy upgrades STRC and other preferred share control panels, adding risk assessment metrics such as Sharpe Ratio.
According to a post by MicroStrategy founder Michael Saylor, MicroStrategy has upgraded the dashboard for four preferred stock products: STRC, STRD, STRK, and STRF, adding metrics such as Bitcoin rating, after-tax effective yield, and one-year Sharpe ratio. These new tools can be used to evaluate the yield levels, credit quality, downside protection, and risk-adjusted returns of the relevant products.
Strategy Plans to Support $1 Billion Preferred Stock Buyback Through $1.25 Billion Bitcoin Monetization Program
on June 29, Strategy raised the annualized dividend of STRC to 12% and authorized a $1 billion buyback plan covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC as the initial priority repurchase target. Strategy disclosed that the buyback funds will not come from its approximately $2.55 billion cash reserve, but may instead come from the concurrently approved $1.25 billion Bitcoin monetization program. STRC traded in the mid-to-high $80 range this week, dipping below $85 on some trading days, falling short of Strategy's long-term trading target of $99 to $100. Peter Schiff stated that prices below $87 for STRC indicate Wall Street's skepticism regarding the pace of Bitcoin growth. (Bitcoin.com News).
Related news
Strategy Initiates Vote on Daily Calendar-Day Interest Payments for Preferred Stock, Involving STRF, STRC, STRK, STRD
Odaily reports: Strategy is proposing to pay daily dividends on its U.S.-listed preferred stock (NASDAQ: STRF, STRC, STRK, and STRD) on each calendar day, including weekends and holidays, with payment on the next business day. If approved and adopted, Strategy believes this will reduce reinvestment lag, enhance liquidity and market efficiency, and improve price stability. The proposal is subject to a vote by MSTR shareholders, with voting beginning on October 5 and ending on October 28. If approved, the first record date and payment date for STRC will be November 1 and November 2, respectively, while STRF, STRK, and STRD will be January 1 and January 4, 2027.
Stride announces orderly shutdown of on-chain operations, stTokens will be migrated to Osmosis pools
In a post on their official X account, the Stride team announced an orderly shutdown of the Stride chain. Stride Labs and the Stride Association are running critically low on funds. At the current burn rate, capital will be exhausted by February 2027, with the current on-chain TVL at approximately $6 million. The specific schedule is as follows: • By October 12: Users can redeem stTokens normally on Stride • On October 12: New redemptions will be paused, and the remaining staked assets will begin unbonding • Around November 20: The Osmosis pool will go live, and redemption functionality will resume All stTokens (including stATOM, stOSMO, etc.) and their underlying assets will be migrated to Osmosis’ Transmuter pool at a fixed redemption rate, with the redemption mechanism shifting to direct token swaps. Following the migration, stToken rewards will cease to accrue, but redemption rights will remain valid indefinitely. Users holding stTokens on other chains do not need to bridge them back to Stride and can redeem directly on the Osmosis pool.
The Stride chain will cease operations, and stTokens will be migrated to Osmosis for redemption
Cosmos ecosystem liquid staking protocol Stride has announced plans to wind down the Stride chain's operations in an orderly manner. Users can redeem stTokens through Stride before October 12, after which the redemption function will be suspended; once the underlying staked assets are fully unlocked, a redemption pool is expected to go live on Osmosis around November 20.stTokens will not expire, users do not need to take action before the migration, and stTokens already deployed on other chains do not need to be bridged back to Stride. stTokens such as stATOM and stOSMO, along with their corresponding underlying assets, will be migrated to Osmosis's Transmuter pool and exchanged at a fixed redemption ratio; reward accrual will cease after the migration is complete. Stride stated that Stride Labs and Stride Association have limited financial reserves, and at the current burn rate, funds are expected to be depleted by February 2027.
Strategy will hold a special shareholders' meeting on October 28 to vote on changing preferred stock interest payments to a daily schedule.
Strategy plans to convene a special shareholders' meeting on October 28 to vote on amendments to the terms of four U.S.-listed preferred stock series: STRF, STRC, STRK, and STRD, with the core amendment allowing these preferred shares to transition to daily dividend payments.
Dividends to Be Accrued Daily as Strategy Proposes Adjusting Payment Mechanisms for STRF and Three Other Products
Michael Saylor posted on X that the proposal covers STRF, STRC, STRK, and STRD. Dividends will accrue on each calendar day, including weekends and holidays, and will be paid on the next business day; the relevant economic terms remain unchanged. The proposal aims to support price stability, liquidity, and demand.
Strategy: Bitcoin Needs to Fall 83% to Hit 1x BTC Rating on STRC
Strategy stated that, according to its internal model, Bitcoin's price would need to drop 83% from current levels to $13,136 for STRC to reach a 1x BTC Rating. This metric indicates that the value of the Bitcoin reserve equals the nominal debt and preferred stock claims counted against the security, and is not an external credit rating.The model shows that the Bitcoin price thresholds for STRF, STRC, STRE, STRK, and STRD are $1,519, $13,136, $14,198, $15,857, and $17,517, respectively, while the threshold for debt under this model is zero. The BTC Rating does not imply that STRC will default, suspend dividends, or trade at a specific price.As of August 30, Strategy held 845,050 Bitcoin and $6.71 billion in cash assets. On August 31, the company disclosed a repurchase of $152 million in STRC and allocated $30 million to its dollar cash position, bringing that balance to $1.61 billion. Its latest Bitcoin transaction added 4,603 coins for approximately $369.7 million, at an average price of $80,318. (Bitcoin.com News)