STRC Calculator Generates $210.90 Price for Perpetual Preferred Stock with Market-Price Input of $99.50
Strategy's STRC calculator generated an illustrative price of $210.90 for its perpetual preferred stock on October 2, based on a market-price input of $99.50. The issuer retains the option to redeem shares at $101 or a higher amount it chooses, plus applicable unpaid dividends.
The calculator uses a published formula that holds the current dividend constant and replaces the market's credit spread with a modeled Bitcoin spread. However, this formula does not explicitly value the issuer's call option or consider future dividend resets.
Strategy warns that the call can make the Derived Price diverge substantially from realizable market prices. The company's pricing dashboard separately discloses these features and cautions buyers to view the calculation as a selected assumption rather than an absolute valuation.