Bitcoin Treasury Strategy Proposes Daily Dividends For Preferred Stocks
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Strategy stockholders are being asked to attend a meeting to approve daily dividends on STRF, STRC, STRK, and STRD.
Key facts
Strategy said Monday that it last week bought 950 bitcoins for $75.7 million, its first buy since August
But since the company started buying bitcoin in 2020, MSTR has appreciated by nearly 1,000%
Its Nasdaq-listed stock (MSTR) is down nearly 50% over the past year after the price of bitcoin took a hit
Strategy stockholders are being asked to attend a meeting to approve daily dividends on STRF, STRC, STRK, and STRD
Summary
Bitcoin treasury company Strategy wants to pay investors daily dividends on four of its preferred stocks. The largest corporate holder of bitcoin said Friday that it was asking shareholders to approve the move, which would pay investors dividends every calendar day, including weekends and holidays, on STRF, STRC, STRK, and STRD. “If approved and adopted, we believe this would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability,” Strategy said in a statement. Strategy slowed down with its aggressive bitcoin buys this year, as the largest cryptocurrency fell into a bear market.