Strategy, the largest publicly traded bitcoin holder, has kept the dividend rate for its perpetual preferred stock, STRC, at 11.5% for May. This marks the third consecutive month that the dividend rate has remained unchanged. The volume-weighted average price of $99.76 in April was close enough to the $100 par value to justify maintaining the current rate.
Since its listing in July 2025, STRC has experienced a series of increases from its initial 9% dividend, aiming to minimize volatility and keep the price near the $100 par value. Strategy positions STRC as a short-term, high-yield savings alternative, offering monthly cash distributions.
Currently, STRC is trading at $99.75 and has been below par since April 15, but it is expected to return to $100 next week based on historical patterns. Meanwhile, MSTR common stock has shown signs of recovery, closing April at $165, which represents a 33% increase and its first positive month in nine. Prior to this, the stock had fallen by 75% over eight consecutive losing months from August 2025 to March 2026, according to TradingView data.
Bitcoin also saw a 12% increase in April, its best monthly performance since April 2025. Additionally, Strategy is considering switching to semi-monthly dividend payments for STRC to further reduce volatility, moving away from its current monthly distribution structure.