CORNYVERSE

STRC is a new class of preferred stock built around three ideas: monthly dividends , a variable rate , and a $100 par value . It looks complex, but the core concept is simple: the company can adjust the dividend rate each month in an effort to keep the trading price near $100 . Below we unpack the structure, pros/cons, and watch‑outs. 🎯 Key Takeaways ✅ Initial dividend rate: 9.0% annualized , adjustable monthly (paid at month‑end; includes rules on accrual/compounding). ✅ Par (= reference) value $100 ; management may adjust the rate to keep trading close to $100. ✅ Listing (regular‑way settlement): 2025‑07‑29 ; offering price $90 ; additional issuance via ATM may follow. ⚠️ This is not principal‑protected like a bond. Management can raise or lower the rate at its discretion, and pricing may deviate from $100 depending on Bitcoin moves, issuance pace, and market flows. Key monitors...