Strategy, the largest publicly traded bitcoin holder, has kept the dividend rate for its Stretch (STRC) perpetual preferred stock at 11.5% for May, marking 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 warrant no change in the dividend rate.
Since its listing in July 2025 with a 9% dividend, STRC has experienced several increases as the company aims to reduce volatility and maintain the price near its $100 par value. Strategy positions STRC as a short-term, high-yield savings alternative, offering monthly cash distributions. Currently trading at $99.75, STRC has been below par since April 15, but a return to $100 is anticipated next week based on historical trends. Meanwhile, MSTR 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 strongest 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.