Strategy Suggests Semi-Monthly Dividends for STRC Preferred 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 change is designed to stabilize the stock's price, minimize cyclicality, enhance liquidity, and stimulate demand, without affecting the annual dividend obligations or rate of 11.5%. The STRC stock 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 that 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 shares experienced an 11.8% increase on Friday, coinciding with bitcoin's 3% rise to $77,400.