The author of this article has a stake in MicroStrategy (MSTR). As the largest publicly traded holder of bitcoin, with a current price of $80,240.78, 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 rate has remained unchanged.
The volume-weighted average price (VWAP) of $99.76 in April was close enough to the $100 par value to justify maintaining the current rate. Since its listing in July 2025 with a 9% dividend, STRC has experienced several increases as the company seeks to minimize volatility and keep the price stable near its $100 par value. Strategy positions STRC as a short-term, high-yield savings alternative, providing monthly cash distributions. Currently, STRC is trading at $99.75 and has been below par since April 15.
However, based on historical trends, it is expected to return to $100 next week. MSTR common stock has also shown signs of recovery, with a 33% increase in April, marking its first positive month in nine.
The stock had previously fallen by 75% over eight consecutive months from August 2025 to March 2026, according to data from TradingView. Bitcoin also saw a 12% rise in April, its best monthly performance since April 2025. Furthermore, Strategy is considering a change to semi-monthly dividend payments for STRC, shifting away from its current monthly distribution structure to further reduce volatility.