Strategy Suggests Semi-Monthly Dividends for Popular STRC Preferred Shares

Strategy, a prominent bitcoin treasury company, has submitted a proxy statement that could pave the way for semi-monthly dividend payments on its STRC 'Stretch' series of preferred stock, pending approval. According to Executive Chairman Michael Saylor, this change is designed to stabilize the stock price, minimize market cycles, enhance liquidity, and stimulate demand, without affecting the annual dividend commitments or the current 11.5% dividend rate. The STRC series has garnered significant attention, with its outstanding notional value reaching $6.4 billion. Notably, the stock's volatility has decreased to 2.1% over the past two months, down from 13% in the initial eight months following its launch. The company believes that adopting semi-monthly payments could further mitigate volatility. The voting period for this amendment will conclude on June 8, with the expected first payment date under the new plan set for July 15. Meanwhile, MSTR shares experienced an 11.8% surge on Friday, coinciding with a 3% increase in bitcoin's value to $77,400.