Three companies have added Strategy’s perpetual preferred equity, Stretch (STRC), to their balance sheets as the security returns to its $100 par value.

Strategy said Prevalon Energy and Anchorage Digital disclosed during presentations at Strategy World 2026 in Las Vegas that each company has allocated a portion of its corporate treasury to STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, during the “Bitcoin for Corporations” track. In separate remarks at the conference, OranjeBTC, a Brazilian bitcoin treasury company also confirmed it has added STRC to its balance sheet.

According to STRC.live, STRC briefly touched par during Wednesday’s trading session. Based on trading volume, it is estimated that roughly 22 BTC were purchased through STRC activity. In pre market trading, STRC is again at $100.

STRC is a short duration, high yield credit instrument that ranks senior to MSTR common stock and offers an 11.25% annual dividend, distributed monthly.

The conference also featured additional announcements, including 21Shares bringing STRC exposure to Europe through the Strategy Yield ETP on Euronext Amsterdam.

Separately, Morgan Stanley plans to introduce bitcoin trading, lending, yield, and custody services, with Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, confirming the plans during a panel discussion with Strategy CEO Phong Le.

Bitcoin is trading above $68,000, while MSTR rose 9% on Wednesday and is slightly lower in Thursday pre market trading at around $135.