Strategy Proposes Semi-Monthly Dividend Payments for Popular STRC Preferred Stock

Strategy, a prominent bitcoin treasury company, has submitted a proxy statement that, upon approval, would enable semi-monthly dividend payments for its STRC 'Stretch' series of preferred stock. This change would not impact the annual dividend obligations or the dividend rate of STRC, which currently stands at 11.5%, as noted by Executive Chairman Michael Saylor. Instead, the proposed modifications are designed to stabilize prices, mitigate cyclicality, drive liquidity, and increase demand. The STRC stock has gained significant popularity, with its outstanding notional value reaching $6.4 billion as of the filing. Although volatility has decreased to 2.1% over the past two months, Saylor and his team believe that semi-monthly payments could further reduce market fluctuations. The voting period for the amendment will conclude on June 8, with the expected first payment date under the new plan set for July 15. On Friday, MSTR shares experienced an 11.8% increase, coinciding with bitcoin's 3% rise to $77,400.