Strategy filed a proxy proposal to increase dividend payment frequency on its STRC perpetual preferred stock from monthly to semi-monthly, pending shareholder approval by June 8 with first payments expected July 15. The change would maintain STRC's current 11.5% annualized dividend rate and $6.4 billion in outstanding notional value while aiming to stabilize price and increase liquidity. Executive Chairman Michael Saylor stated the proposal intends to dampen cyclicality and grow demand for the security, which has already seen volatility drop from 13% at launch to 2.1% recently. The announcement came as MSTR shares rose 11.8% and Bitcoin gained 3% to $77,400 on April 17, 2026.
Proposed Semi-Monthly Dividend Structure for STRC Preferred Stock
- ▪Michael Saylor stated the proposed changes to STRC preferred stock are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand
- ▪The proposed semi-monthly dividend structure for STRC preferred stock would have no effect on STRC's annual dividend obligations
- ▪Voting on the STRC preferred stock dividend amendment will close on June 8
- ▪STRC preferred stock's current dividend rate is 11.5%
- ▪July 15 is the expected first payment date for STRC preferred stock under the proposed semi-monthly dividend plan
- ▪Strategy (MSTR) filed a proxy that would allow for semi-monthly dividends on its STRC preferred stock if approved
STRC Preferred Stock Performance and Market Metrics
- ▪STRC preferred stock had outstanding notional value of $6.4 billion as of April 17, 2026
- ▪STRC preferred stock volatility was 13% in the first eight months after the series' launch
- ▪STRC preferred stock volatility dropped to 2.1% over the two months prior to April 17, 2026
Market Performance of MSTR and Bitcoin
- ▪Strategy is a leading bitcoin treasury company
- ▪Michael Saylor is Executive Chairman of Strategy
- ▪Bitcoin rose 3% to $77,400 on Friday, April 17, 2026
- ▪MSTR shares rose 11.8% on Friday, April 17, 2026
Perspective of Michael Saylor and Strategy management
- ▪Strategy believes semi-monthly dividends on STRC preferred stock will stabilize the security's price
- ▪Strategy believes semi-monthly dividends on STRC preferred stock will drive liquidity for the security
Perspective of STRC preferred stockholders
- ▪STRC preferred stockholders' annual dividend obligations would remain unchanged under the semi-monthly payment structure
- ▪STRC preferred stockholders have seen volatility in their holdings decrease from 13% initially to 2.1% recently
- ▪STRC preferred stockholders will vote on whether to approve the semi-monthly dividend amendment by June 8
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