Strategy, a major holder of bitcoin, 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 allowed for the maintenance of this rate. Since its listing in July 2025 with a 9% dividend, STRC has experienced several increases, aiming to minimize volatility and keep its price near the $100 par value.
As a short-duration, high-yield savings alternative, STRC distributes monthly cash payments. Currently trading at $99.75, STRC has been below par since April 15, but a return to $100 is anticipated soon based on historical trends. Meanwhile, Strategy's common stock has shown signs of recovery, closing April at $165, a 33% increase and its first positive month in nine. This comes after an 75% decline over eight consecutive losing months from August 2025 to March 2026.
Bitcoin also saw a 12% increase in April, its best performance since April 2025. Furthermore, Strategy is considering switching to semi-monthly dividend payments for STRC to reduce volatility.