Strategy shareholders approve daily dividends on four preferred stocks

Strategy common shareholders overwhelmingly approved a charter amendment on October 28, 2026, with 99.3% voting in favor to enable daily dividend accruals across four preferred stock series (STRF, STRC, STRK, and STRD). Designed to boost liquidity and reduce price volatility without changing total payout obligations, STRC transitions to daily record dates on November 1, 2026, followed by the remaining series on January 1, 2027. The move supports Strategy's ongoing capital-raising model for its 848,517 BTC Bitcoin treasury strategy.

Daily dividend mechanics and rationale

• ▪The amendment approved by Strategy shareholders on October 28, 2026 allows Strategy's STRF, STRC, STRK, and STRD preferred stocks to accrue dividends every calendar day, including weekends and holidays, while scheduled dividend rates and total obligations remain unchanged
• ▪Formerly MicroStrategy, Strategy stated that daily dividend accruals are intended to reduce reinvestment lag, enhance liquidity, increase price stability, and increase market efficiency

Implementation schedule for daily dividends

• ▪The implementation timeline for daily dividends depends on Strategy filing amended certificates of designations with regulators and board authorization
• ▪Strategy's STRC preferred stock is scheduled to move to daily dividend record dates on November 1, 2026, with its first daily dividend payment on November 2, 2026
• ▪Formerly MicroStrategy, Strategy's STRF, STRK, and STRD preferred stock series are scheduled to transition to daily record dates on January 1, 2027, with their first daily payouts due on January 4

Bitcoin acquisition pause

• ▪Strategy paused Bitcoin acquisitions during the week ending October 25, 2026, retaining its holdings at 848,517 BTC acquired for $64.02 billion at an average price of $75,446 per Bitcoin
• ▪Formerly MicroStrategy, Strategy purchased 267 Bitcoin for $22.1 million during the week before pausing its cryptocurrency acquisitions in October 2026