Strategy, the largest public holder of bitcoin, has kept the dividend rate for its Stretch (STRC) perpetual preferred stock at 11.5% for May. This marks the third consecutive month the rate has been maintained.
The volume-weighted average price of $99.76 in April was close enough to the $100 par value to justify keeping the rate unchanged. Since its listing in July 2025 with a 9% dividend, STRC has seen several increases as the company aims to reduce volatility and keep the price near $100. Strategy positions STRC as a short-term, high-yield savings alternative with monthly cash distributions. Currently trading at $99.75, STRC has been below par since April 15, but a return to $100 is expected soon based on historical patterns.
Meanwhile, MSTR common stock showed 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, the stock is rebounding.
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.