Strategy, the largest publicly traded holder of bitcoin, has maintained its 11.5% dividend rate for May on its Stretch (STRC) perpetual preferred stock, marking the third consecutive month with this rate. The volume-weighted average price for April was $99.76, close enough to the $100 par value to keep the rate unchanged. STRC has experienced a series of increases since its listing in July 2025, initially offering a 9% dividend, as the company aims to minimize volatility and maintain the price near its par value.
Strategy positions STRC as a short-term, high-yield savings alternative, providing monthly cash distributions. Currently trading at $99.75, STRC has been below par since April 15, but based on historical patterns, it is expected to return to $100 next week.
MSTR common stock has also shown signs of recovery, closing April at $165, a 33% increase and its first positive month in nine. Prior to this, the stock had fallen 75% over eight consecutive losing months from August 2025 to March 2026, according to TradingView data. Bitcoin also saw a 12% increase in April, its best monthly performance since April 2025. Additionally, Strategy is considering a shift from monthly to semi-monthly dividend payments for STRC to further reduce volatility.