Core Insights - Robinhood's decision to list Strategy's four preferred stocks marks a significant policy shift, indicating strong demand from retail investors for exposure to bitcoin-linked products [1][2] - The preferred stocks (STRC, STRD, STRF, STRK) provide Strategy with a new funding avenue while minimizing dilution for common stockholders [3][6] Group 1: Robinhood's Policy Shift - Robinhood began offering trading in four preferred stocks from Strategy on October 2, which is a rare break from its previous investment policies [1] - CEO Vlad Tenev confirmed the move, highlighting that many Strategy investors expressed the importance of this feature for account transfers [2] - The inclusion of these securities suggests unusual demand from retail investors, as Robinhood's website previously categorized preferred stocks as unsupported assets [2] Group 2: Strategy's Preferred Stock Program - Strategy has developed four preferred stocks as an alternative capital-raising method for its bitcoin acquisition strategy, functioning like digital credit products [3] - Each class of preferred stock offers different yield, seniority, and conversion terms, allowing Strategy to expand its bitcoin holdings while limiting equity dilution for existing shareholders [3][6] - STRC serves as the flagship stock with a floating yield linked to U.S. Treasury rates, while STRD offers a fixed-rate coupon, STRF provides flexible redemption rights, and STRK is the highest-yield option for maximum exposure [7] Group 3: Implications for Bitcoin - The introduction of these preferred stocks could serve as an indirect demand driver for bitcoin, as it allows one of its largest corporate holders to access retail capital more easily [6] - Analyst Stony Chambers referred to STRC as a pivotal moment for crypto-linked securities, suggesting that future developments could significantly increase demand [5]

🔥 NOW: Michael Saylor announces Strategy's Bitcoin holdings hit all-time high of $77.4B NAV.The company's journey started with $0.25B in $BTC and an immediate $0.04B unrealized loss. https://t.co/HQNCwon2mf ...

相关概念股也随之走高。交易所Coinbase(COIN.US)上涨7.8%，比特币持仓公司Strategy(MSTR.US)上涨 3.5%，MARA Holdings(MARA.US)上涨2.1%。 FalconX研究主管David Lawant认为，比特币市场结构等待已久的"突破"或正在上演："现货订单簿数月 来持续显示卖压占优，但价格并未出现明显下破，表明市场的承接力度强于观望情绪。这是典型的'压 缩弹簧'格局，一旦上方抛压消化，行情可能出现急促且级联式的飙升。" 市场乐观情绪还来自比特币在10月的历史性强势表现，过去十年有九年录得上涨。加密投资基金 Syncracy Capital联合创始人Ryan Watkins表示："9月历来是比特币最弱的月份，而第四季度通常最强。 虽然我并不是季节性规律的坚定信徒，它往往会演变为一种自我实现的预期。" 智通财经APP获悉，比特币强势上扬，周四突破12万美元大关，这是自七周前创下历史新高以来首次重 返这一水平。美国联邦政府时隔近七年周三再度"停摆"，作为"数字黄金"，比特币再次被投资者视作市 场动荡中的避险工具，而黄金则在刷新纪录后出现回落。 加密交易公司Flowd ...

JUST IN: Michael Saylor and STRATEGY's Bitcoin holdings close at an all-time high $77.4 BILLION 🚀 https://t.co/1Gv4o6W3Pi ...

RT Bitcoin Asset Research (@stonychambers)$MSTR is equity in Bitcoin's central bank: @StrategyWhy is that? It's something many are struggling to understand 🧵Central banking is the practice of managing the monetary policy and economic stability of a particular economic bloc. Central banks issue base money, set interest rates, control money supply, and backstop systemic liquidity. Central banks hold asset reserves which back the base money it issues.Strategy does all of these things through $STRC and $BTC. St ...

microstrategy just dodged a $7b tax bullet. treasury exempted bitcoin from the 15% corporate unrealized gains tax starting 2026. saylor can now target $100b in bitcoin-backed loans without phantom tax liabilities. every fortune 500 board meeting just got more interesting ...

Jakub Porzycki / NurPhoto via Getty Images Bitcoin, the leading cryptocurrency by market cap, was recently trading around $120,000. Key Takeaways Crypto company shares are getting a boost from rising bitcoin prices and interim guidance that would exempt digital assets' paper gains from getting taxed. Bitcoin treasury company Strategy said in a filing that it no longer expects to be subject to the 15% corporate alternative minimum tax it anticipated having to pay next year. Crypto's numbers are going ...

智通财经APP获悉，周四，币圈概念股普涨，截至发稿，Strategy(MSTR.US)涨超3.3%， Coinbase(COIN.US)涨超4.7%， Robinhood(HOOD.US)涨超2%,，SharpLink Gaming(SBET.US)涨超3%， Circle(CRCL.US)涨超4.7%。消息面上，芝商所集团(CME)宣布，将于2026年提供24/7全天候加密货币交 易。 ...

MSTR stock now up 17% over the past 5 daysFierce reboundMarket really likes that tax news https://t.co/n3cLQfs7tQ ...

Core Insights - Robinhood has introduced trading for Strategy Inc's Variable Rate Series A Perpetual "Stretch" Preferred (STRC), marking the platform's first preferred stock listing [1][2] - STRC is now available for retail investors on Robinhood, allowing them to trade it alongside common stocks and ETFs [2] - STRC features a variable dividend that is reset monthly, designed to maintain its price near the $100 stated amount, and serves as a bitcoin-backed alternative to money markets [4] Company Developments - The STRC IPO was the largest in 2025, raising approximately $2.5 billion, with an additional at-the-market offering of $4.2 billion worth of STRC [4] - As of October 2, Robinhood's website indicated that it did not support preferred stocks prior to this listing [2] - At the time of publication, MSTR shares were up 2.9% in pre-market hours, while STRC was priced at $98.54, reflecting a 0.57% increase [5]