Strategy proposes daily dividends to bring STRC back toward $100
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Strategy MSTR $158.64 · Market Closed is asking shareholders to approve daily dividends across its four U.S. listed preferred stocks, STRF, STRC, STRK and STRD.
Key facts
- The main reason why STRC has struggled is due to Strive’s ASST $29.43
- Market Closed perpetual preferred SATA which pays dividends every business day at a 13% annual rate and continues to hold near
- Strategy holds 846,000 BTC as of Monday, acquired for $63.80 billion at an average $75,416 per coin
- Bitcoin traded around $83,600 on Friday, while MSTR is 2.15% lower, trading around $158
- Strategy has also spent about $1 billion repurchasing preferred shares under its $2 billion programme, including $174 million of STRC in the week ended Sept. 20
Summary
Strategy is asking shareholders to approve daily dividends for its four U.S.-listed preferred stocks, with a vote scheduled for Oct. 28. The proposal would change payment timing without altering dividend rates or total regular payouts, aiming to help STRC trade closer to its $100 stated value. Strategy has spent about $1 billion repurchasing preferred shares, including $174 million of STRC in the week ended Sept. 20. The largest corporate holder of bitcoin BTC $83,913.67 proposed that dividends would accrue every calendar day, including weekends and holidays, and be paid on the next business day.