Strategy Proposes Semi-Monthly Dividends for STRC Preferred Stock

Strategy, a prominent bitcoin treasury company, has submitted a proxy filing that, upon approval, would enable semi-monthly dividend payments for its STRC 'Stretch' series of preferred stock. According to Executive Chairman Michael Saylor, this move is designed to stabilize prices, mitigate cyclicality, drive liquidity, and stimulate demand, without affecting the annual dividend obligations or the current 11.5% dividend rate of the STRC stock. The proposed changes are intended to further reduce volatility, which has already decreased to 2.1% over the past two months, compared to 13% in the initial eight months following the series' launch. The outstanding notional value of the stock has reached $6.4 billion, as of the filing. Voting on the amendment is set to conclude on June 8, with the expected first payment date under the new plan scheduled for July 15. Meanwhile, MSTR shares experienced an 11.8% increase on Friday, coinciding with bitcoin's 3% rise to $77,400.