Strategy Suggests Semi-Monthly Dividends for Preferred STRC Stock

Strategy, a prominent bitcoin treasury firm, has submitted a proxy filing that could enable semi-monthly dividend payments for its STRC 'Stretch' series of preferred stock, pending approval. According to Executive Chairman Michael Saylor, this move is designed to stabilize the stock's price, decrease cyclicality, and stimulate demand, without affecting the annual dividend obligations or the current dividend rate of 11.5%. The STRC series has gained significant popularity, with its outstanding notional value reaching $6.4 billion. Although volatility has decreased to 2.1% over the past two months, Saylor believes semi-monthly payments could further minimize fluctuations. The voting period for this amendment will conclude on June 8, with the anticipated first payment date under the new plan set for July 15. Following this announcement, MSTR shares experienced an 11.8% increase, coinciding with bitcoin's 3% rise to $77,400.