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 would not impact STRC's annual dividend commitments or its current 11.5% dividend rate. Instead, the objective is to "bring stability to the stock price, reduce fluctuations, increase market activity, and boost investor interest." 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 minimize market fluctuations. The voting period for this amendment will conclude on June 8, with the anticipated first payment date under the new plan set for July 15. Meanwhile, MSTR shares experienced an 11.8% increase on Friday, coinciding with bitcoin's 3% rise to $77,400.