Strategy Suggests Semi-Monthly Dividends for Its Popular STRC Preferred Shares

Strategy, a prominent bitcoin treasury firm, has submitted a proxy filing that, upon approval, would enable semi-monthly dividend payments for its STRC 'Stretch' series of preferred stock, without altering the annual dividend payout or rate of 11.5%. The proposed change is designed to stabilize prices, minimize cyclicality, and stimulate demand. The STRC stock has gained significant popularity, with its outstanding notional value reaching $6.4 billion. Notably, volatility has decreased to 2.1% over the past two months, compared to 13% in the initial eight months following its launch. The voting period for the amendment is set to conclude on June 8, with the first payment under the new plan expected on July 15. Concurrently, MSTR shares experienced an 11.8% increase on Friday, mirroring the 3% rise in bitcoin's value to $77,400.