The author of this article has a vested interest in MicroStrategy (MSTR). As the largest publicly traded holder of bitcoin, with a current value of $80,245.44, Strategy (MSTR) has decided to keep the dividend rate for its perpetual preferred stock, Stretch (STRC), at 11.5% for May. This marks the third month in a row that the dividend has remained at this rate.
The volume-weighted average price for April was $99.76, which was sufficiently close to the $100 par value to warrant maintaining the current rate. Since its listing in July 2025 with a 9% dividend, STRC has experienced a series of increases as the company strives to minimize volatility and keep the price stable near its $100 par value.
Strategy positions STRC as a short-term, high-yield savings option, offering monthly cash distributions. Currently, STRC is trading at $99.75 and has remained below par since April 15, but based on historical trends, it is anticipated to return to $100 next week. Meanwhile, MSTR common stock has shown signs of recovery, closing April at $165, which represents a 33% increase and its first positive month in nine.
Prior to this, the stock had fallen by 75% over eight consecutive months from August 2025 to March 2026, according to data from TradingView. Bitcoin also experienced a 12% increase in April, its best monthly performance since April 2025. Furthermore, Strategy is considering shifting to semi-monthly dividend payments for STRC, moving away from its current monthly distribution structure in an effort to further reduce volatility.