Strategy Suggests Semi-Monthly Dividend Payments for STRC Preferred Stock

Strategy, a prominent bitcoin treasury firm, has submitted a proxy filing that could enable semi-monthly dividend distributions for its STRC 'Stretch' series of preferred shares if approved. According to Executive Chairman Michael Saylor, this change is designed to stabilize the stock's price, minimize market cycles, enhance liquidity, and stimulate demand, without affecting the annual dividend payout or 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 reduce market fluctuations. The voting period for this amendment will conclude on June 8, with the first payment under the new plan expected on July 15. Meanwhile, MSTR's shares saw an 11.8% increase on Friday, coinciding with bitcoin's 3% rise to $77,400.