Strategy Proposes Semi-Monthly Dividends for STRC Preferred Stock

Strategy, a prominent bitcoin treasury firm, has submitted a proxy statement that, upon approval, would enable semi-monthly dividend payments for its STRC 'Stretch' series of preferred shares. According to Executive Chairman Michael Saylor, this change is designed to stabilize the stock price, minimize cyclicality, boost liquidity, and expand demand, without affecting the annual dividend obligations or rates of the STRC stock, which currently stands at 11.5%. The STRC series has gained significant popularity, with its outstanding notional value reaching $6.4 billion. The stock's volatility has decreased to 2.1% over the past two months, compared to 13% in the initial eight months following its launch. However, Saylor believes that implementing semi-monthly payments could further reduce volatility. The voting period for the proposed amendment will conclude on June 8, with the first payment under the new plan expected on July 15.