Is Saylor coming for the money markets? @MicroStrategy announced plans to offer 5 million shares of its new Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) in an initial public offering on Monday. $STRC has a $100 stated amount per share and will accrue cumulative dividends at a variable annual rate, initially set at 9.00%. MicroStrategy aims to keep STRC's trading value around the $100 stated amount. In the investor presentation, @saylor stated that STRC targets “short-duration, lower-volatility investors,” citing money market funds and short-term T-bills as examples.

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