Strategy, the largest publicly traded holder of bitcoin, has announced that it will maintain the 11.5% dividend rate for its perpetual preferred stock, Stretch (STRC), for the month of May. This marks the third consecutive month that the dividend rate has remained unchanged. The volume-weighted average price (VWAP) of $99.76 for April was close enough to the $100 par value to justify maintaining the current dividend rate. Since its listing in July 2025 with a 9% dividend, STRC has experienced a series of increases as the company aims to reduce volatility and keep the price stable near its $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 remained below par since April 15. However, based on historical trends, a return to $100 is expected next week.
MSTR common stock has also shown signs of recovery, closing April at $165, a 33% increase, marking its first positive month in nine. The stock had previously fallen by 75% over eight consecutive losing months from August 2025 to March 2026, according to data from TradingView. Meanwhile, bitcoin rose 12% in April, its best monthly performance since April 2025. Additionally, Strategy is considering a potential shift to semi-monthly dividend payments for STRC, moving away from its current monthly distribution structure to further reduce volatility.