Strategy preferred stock (STRF) performed strongly, rising 36% in nine months, becoming the best-performing credit product.

According to Mars Finance, on December 5th, CoinDesk reported that Strategy's (MSTR) senior perpetual preferred stock STRF has risen 36% since its issuance in March, currently priced at $110, and has rebounded sharply by 20% from its low on November 21st. STRF is highly correlated with Bitcoin's price movement, and its rebound coincided with Bitcoin's stabilization from around $80,000. STRF boasts a 10% fixed annual interest rate, governance rights, and a penalty interest rate mechanism. Due to its high level of protection and lower risk, it continues to enjoy strong market demand, currently offering an effective yield of approximately 9.03%. Since October, the spread between STRF and subordinated preferred stock STRD has been continuously widening in the market, reaching a record high in November, indicating that investors are focusing on buying low-risk assets. Meanwhile, Strategy announced a $1.44 billion cash reserve for preferred stock dividends, pushing the common stock price back up from the beginning of the month's low of $155 to $185, significantly improving overall market sentiment.