Strategy Stretch Preferred (Ondo Tokenized)
STRCON Rank #362Price chart
What is Strategy Stretch Preferred (Ondo Tokenized)?
Underlying preferred security
Strategy completed STRC's initial public offering in July 2025. The security is Variable Rate Series A Perpetual Stretch Preferred Stock. It has no scheduled maturity and uses a stated amount of one hundred dollars per share. Its dividend rate can change under the security's terms. Dividends require declaration by Strategy's board. Shareholders approved a move to semi-monthly dividend dates in June 2026. Strategy uses preferred-stock financing for corporate purposes that include Bitcoin acquisition.
Token structure and access
Ondo Global Markets BVI Limited issues STRCon through its tokenized securities platform. The token is a structured note governed by the issuer's sales terms. Underlying securities are held through a regulated custodial broker-dealer. A security agent holds a first-priority interest for tokenholders' benefit. Ondo reinvests distributions into the referenced security, net of applicable withholding taxes. Consequently, one token need not represent exactly one share. Direct purchase and redemption require the issuer's onboarding and KYC checks. The offering targets eligible non-US participants and applies jurisdictional restrictions. Tokenholders receive economic exposure and redemption rights without the underlying company's shareholder voting rights.
Where to trade STRCON
3 exchanges · top 10
Live spot quotes from connected exchanges
STRCON funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.