{
  "as_of": "2026-05-02T14:13:20.353Z",
  "source": "https://tnorth.com/digital-credit/dashboard/",
  "canonical_reference": "https://tnorth.com/digital-credit/",
  "license": "Cite with attribution to True North. Not investment advice.",
  "note": "Rate values are not included in this file. For current rates, follow the instrument URL to the canonical page.",
  "instruments": [
    {
      "ticker": "STRC",
      "name": "Stretch",
      "issuer": "Strategy Inc.",
      "issuer_ticker": "MSTR",
      "type": "perpetual preferred",
      "rate_structure": "variable",
      "payment_frequency": "monthly",
      "seniority_rank": 2,
      "currency": "USD",
      "listing_exchange": "Nasdaq",
      "url": "https://tnorth.com/digital-credit/markets/strc/"
    },
    {
      "ticker": "STRK",
      "name": "Strike",
      "issuer": "Strategy Inc.",
      "issuer_ticker": "MSTR",
      "type": "convertible preferred",
      "rate_structure": "fixed",
      "payment_frequency": "quarterly",
      "seniority_rank": 4,
      "currency": "USD",
      "listing_exchange": "Nasdaq",
      "url": "https://tnorth.com/digital-credit/markets/strk/"
    },
    {
      "ticker": "STRF",
      "name": "Strife",
      "issuer": "Strategy Inc.",
      "issuer_ticker": "MSTR",
      "type": "senior cumulative preferred",
      "rate_structure": "fixed",
      "payment_frequency": "quarterly",
      "seniority_rank": 1,
      "currency": "USD",
      "listing_exchange": "Nasdaq",
      "url": "https://tnorth.com/digital-credit/markets/strf/"
    },
    {
      "ticker": "STRD",
      "name": "Stride",
      "issuer": "Strategy Inc.",
      "issuer_ticker": "MSTR",
      "type": "non-cumulative preferred",
      "rate_structure": "fixed",
      "payment_frequency": "quarterly",
      "seniority_rank": 5,
      "currency": "USD",
      "listing_exchange": "Nasdaq",
      "url": "https://tnorth.com/digital-credit/markets/strd/"
    },
    {
      "ticker": "STRE",
      "name": "Stream",
      "issuer": "Strategy Inc.",
      "issuer_ticker": "MSTR",
      "type": "perpetual preferred",
      "rate_structure": "fixed",
      "payment_frequency": "quarterly",
      "seniority_rank": 3,
      "currency": "EUR",
      "listing_exchange": "Luxembourg Stock Exchange",
      "url": "https://tnorth.com/digital-credit/markets/stre/"
    },
    {
      "ticker": "SATA",
      "name": "SATA",
      "issuer": "Strive, Inc.",
      "issuer_ticker": "ASST",
      "type": "perpetual preferred",
      "rate_structure": "variable",
      "payment_frequency": "monthly",
      "seniority_rank": 1,
      "currency": "USD",
      "listing_exchange": "Nasdaq",
      "url": "https://tnorth.com/digital-credit/markets/sata/"
    }
  ]
}