The author of this article has a vested interest in MicroStrategy (MSTR). As the largest publicly traded bitcoin holder, MicroStrategy (MSTR) has maintained its 11.5% dividend rate for the month of May on its Stretch (STRC) perpetual preferred stock, marking the third consecutive month at this rate. The volume-weighted average price (VWAP) for April was $99.76, which is sufficiently close to the $100 par value to warrant keeping the rate unchanged.
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 maintain the price near its $100 par value. MicroStrategy promotes STRC as a short-duration, high-yield savings alternative, providing monthly cash distributions. Currently trading at $99.75, STRC has remained below par since April 15, but based on historical trends, a return to $100 is anticipated next week. Meanwhile, MSTR common stock has also shown signs of recovery, ending April at $165, up 33%, its first positive month in nine.
The stock had previously fallen 75% across eight consecutive losing months from August 2025 to March 2026, according to data from TradingView. Additionally, bitcoin rose 12% in April, its best monthly performance since April 2025. Furthermore, MicroStrategy is considering shifting to semi-monthly dividend payments for STRC, moving away from its current monthly distribution structure to further reduce volatility.