#strategy拟对四只优先股按日派息 每天发钱？其实一毛没多给
Strategy（formerly MicroStrategy） 9/24: the board approves; 9/25: Saylor personally announces the plan to change the dividend on four perpetual preferred shares from “paid periodically” to “accrued daily and paid the next day.”
Covers underlying items and interest rates (all at $100 par value):
STRC 12% → annual interest $12/share; after change about $0.033 per day
STRF 10% → annual interest $10/share; about $0.027 per day
STRK 8% → annual interest $8/share; about $0.022 per day
STRD 10% → annual interest $10/share; about $0.027 per day
📌 Timeline: Special shareholders’ meeting 10/28 (record date 9/25); if approved, STRC starts daily accrual from 11/2, while STRF/STRK/STRD begin on 1/4/2027.
【Cold water: three truths that get ignored】
1️⃣ Total amount doesn’t change—this is a “swordsmanship” show, not an extra meal. 12% stays 12%. You still receive about $0.033 per day; to get the full $12, you have to hold for a full year. The shift to higher-frequency dividends changes the “settlement timing,” not “how much you can get in total.”
2️⃣ This is the “psychological account” magic from behavioral finance. By turning low-frequency cash flows into high-frequency ones, it creates the feel-good sensation of “collecting rent every day.” For institutions there’s nearly no difference, but it has a big effect on retail holders’ attachment. That’s exactly the experience Saylor wants.
3️⃣ The beneficiaries are the preferred shares, not MSTR common stock, and not BTC spot. This proposal doesn’t add a single coin—don’t use it as an excuse to chase MSTR/BTC.
⚠️ The hidden risks are still there: the preferred shares are not principal-protected and have no FDIC insurance (Strategy’s website explicitly states STRC is not a deposit); when BTC fell below $60k, STRC also dropped to about $75. In a deeper selloff, it will still retrace—it’s not a deposit.
【What to do】
✅ Don’t use this as a reason to chase MSTR/BTC—this is purely a capital-structure move; you’re not buying coins.
✅ If you already hold / want MSTR preferred shares: this change improves the “rent-like” experience and exit liquidity dynamics—watch for discounts; but manage it like a high-risk “crypto proxy debt,” not like a savings account.
✅ Three things to watch: the final proxy on 10/5, the vote on 10/28, and STRC’s first day of execution on 11/2.
✅ The real signal: TradFi is actively “imitating DeFi’s streaming cash flows”—a marker that traditional capital structure is embracing on-chain finance.
Strategy（formerly MicroStrategy） 9/24: the board approves; 9/25: Saylor personally announces the plan to change the dividend on four perpetual preferred shares from “paid periodically” to “accrued daily and paid the next day.”
Covers underlying items and interest rates (all at $100 par value):
STRC 12% → annual interest $12/share; after change about $0.033 per day
STRF 10% → annual interest $10/share; about $0.027 per day
STRK 8% → annual interest $8/share; about $0.022 per day
STRD 10% → annual interest $10/share; about $0.027 per day
📌 Timeline: Special shareholders’ meeting 10/28 (record date 9/25); if approved, STRC starts daily accrual from 11/2, while STRF/STRK/STRD begin on 1/4/2027.
【Cold water: three truths that get ignored】
1️⃣ Total amount doesn’t change—this is a “swordsmanship” show, not an extra meal. 12% stays 12%. You still receive about $0.033 per day; to get the full $12, you have to hold for a full year. The shift to higher-frequency dividends changes the “settlement timing,” not “how much you can get in total.”
2️⃣ This is the “psychological account” magic from behavioral finance. By turning low-frequency cash flows into high-frequency ones, it creates the feel-good sensation of “collecting rent every day.” For institutions there’s nearly no difference, but it has a big effect on retail holders’ attachment. That’s exactly the experience Saylor wants.
3️⃣ The beneficiaries are the preferred shares, not MSTR common stock, and not BTC spot. This proposal doesn’t add a single coin—don’t use it as an excuse to chase MSTR/BTC.
⚠️ The hidden risks are still there: the preferred shares are not principal-protected and have no FDIC insurance (Strategy’s website explicitly states STRC is not a deposit); when BTC fell below $60k, STRC also dropped to about $75. In a deeper selloff, it will still retrace—it’s not a deposit.
【What to do】
✅ Don’t use this as a reason to chase MSTR/BTC—this is purely a capital-structure move; you’re not buying coins.
✅ If you already hold / want MSTR preferred shares: this change improves the “rent-like” experience and exit liquidity dynamics—watch for discounts; but manage it like a high-risk “crypto proxy debt,” not like a savings account.
✅ Three things to watch: the final proxy on 10/5, the vote on 10/28, and STRC’s first day of execution on 11/2.
✅ The real signal: TradFi is actively “imitating DeFi’s streaming cash flows”—a marker that traditional capital structure is embracing on-chain finance.
