21Shares lists Strategy preferred shares on London Stock Exchange

Crypto-asset manager 21Shares has made headlines by listing preferred shares (STRC) of Strategy (formerly MicroStrategy, MSTR) on the London Stock Exchange.

The STRC shares are structured as a preferred equity instrument that pays holders a monthly variable dividend targeting an annualized yield of approximately 9%.

The dividend rate adjusts dynamically based on the trading price of STRC shares. If the share price exceeds $100, the dividend rate decreases, while if it falls below $100, the rate increases.

This mechanism is designed to stabilize the share price around the $100 reference level, offering a yield-oriented product for income-focused investors.