Three companies have added Strategy’s perpetual preferred equity, Stretch ( STRC ), to their balance sheets as the security returns to its $100 par value.
Strategy said Prevalon Energy and Anchorage Digital revealed during presentations at Strategy World 2026 in Las Vegas that each company has allocated a portion of its company’s cash to STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, under the “Bitcoin for Corporations” track. In separate remarks at the conference, OranjeBTC, a Brazilian bitcoin tax company, also confirmed that it has added STRC to its balance sheet.
According to STRC.live, STRC briefly touched par during Wednesday’s trading session. Based on trading volume, it is estimated that around 22 BTC were purchased through STRC activity. In pre-market trading, STRC is back at $100.
STRC is a short-term, high-yield credit instrument that ranks against MSTR common stock and offers an annual dividend of 11.25%, paid monthly.
The conference also featured additional announcements, including 21Shares bringing STRC exposure to Europe through the Strategy Yield ETP on Euronext Amsterdam.
Separately, Morgan Stanley plans to introduce bitcoin trading, lending, yield and custody services, with Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, confirming the plans during a panel discussion with Strategy CEO Phong Le.
Bitcoin is trading above $68,000, while MSTR rose 9% on Wednesday and is slightly lower in Thursday’s pre-market trading at around $135.
