Strategy, the largest publicly traded holder of bitcoin, has kept the dividend rate for its perpetual preferred stock, STRC, at 11.5% for May. This marks the third consecutive month at this rate. The volume-weighted average price of $99.76 in April was close enough to the $100 par value to justify maintaining the rate.
Since its listing in July 2025 with a 9% dividend, STRC has experienced several increases as the company aims to minimize volatility and keep the price near its $100 par value. Strategy positions STRC as a short-term, high-yield savings alternative that distributes cash monthly.
Currently, STRC is trading at $99.75 and has been below par since April 15, but based on historical trends, it is expected to return to $100 next week. Meanwhile, MSTR's common stock has shown signs of recovery, ending April at $165, a 33% increase and its first positive month in nine.
After falling 75% over eight consecutive losing months from August 2025 to March 2026, according to TradingView data, the stock is rebounding. 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 reduce volatility further, moving away from its current monthly distribution structure.