Strategy, the largest publicly traded bitcoin holder, has announced that it will maintain the 11.5% dividend rate for its perpetual preferred stock, Stretch (STRC), for May. This marks the third consecutive month that the dividend rate has remained unchanged. The volume-weighted average price (VWAP) of $99.76 in April was close enough to the $100 par value to justify keeping the rate steady.
Since its listing in July 2025 with a 9% dividend, STRC has experienced a series of increases as the company aims to minimize volatility and maintain the price near its $100 par value. Strategy positions STRC as a short-term, high-yield savings option, providing monthly cash distributions. Currently trading at $99.75, STRC has remained below par since April 15, but a return to $100 is anticipated next week based on historical patterns. Meanwhile, MSTR common stock has shown signs of recovery, closing April at $165, up 33%, its first positive month in nine.
After falling 75% across 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.
Additionally, Strategy is considering shifting to semi-monthly dividend payments for STRC to further reduce volatility, moving away from its current monthly distribution structure.