Strategy, the largest publicly traded holder of bitcoin, has announced that it will maintain an 11.5% dividend rate for its perpetual preferred stock, STRC, in May. This marks the third consecutive month that the dividend rate has remained unchanged. The volume-weighted average price of STRC in April was $99.76, which is close enough to its par value of $100 to justify keeping the dividend rate steady. Since its listing in July 2025, STRC has seen several increases, with the aim of reducing volatility and keeping the price near its par value.
The company markets STRC as a short-duration, high-yield savings alternative, with monthly cash distributions. Currently, STRC is trading at $99.75 and has remained below par since April 15, but a return to $100 is expected soon based on historical patterns. Meanwhile, MSTR common stock has also shown signs of recovery, with a 33% increase in April, its first positive month in nine. This comes after a decline of 75% across eight consecutive losing months from August 2025 to March 2026.
Bitcoin also saw a 12% increase in April, its best monthly performance since April 2025. Furthermore, Strategy is considering switching to semi-monthly dividend payments for STRC to further reduce volatility.