Three companies have added Strategy’s perpetual preferred stock, Stretch (STRC), to their balance sheets as the security returns to its $100 face 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 corporate treasury to STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, during the “Bitcoin for Corporations” track. In separate comments at the conference, OranjeBTC, a Brazilian bitcoin treasury company, also confirmed that it added STRC to its balance sheet.
According to STRC.live, STRC briefly touched the pair during the trading session on Wednesday. Based on trading volume, it is estimated that approximately 22 BTC were purchased through STRC activity. In pre-market trading, STRC is back at $100.
STRC is a short duration, high yield credit instrument that is rated higher than MSTR common stock and offers an annual dividend of 11.25%, distributed monthly.
The conference also included additional announcements, including 21Shares bringing STRC exposure to Europe through the ETP Strategy Yield at Euronext Amsterdam.
Separately, Morgan Stanley plans to introduce bitcoin trading, lending, performance and custody services, and Amy Oldenburg, Morgan Stanley’s head of digital asset strategy, confirmed the plans during a roundtable with chief strategy officer Phong Le.
Bitcoin is trading above $68,000, while MSTR is up 9% on Wednesday and is slightly lower in pre-market trading on Thursday, around $135.
