📅 Strategy’s preferred stock is about to pay dividends “daily”: just a change in payment frequency, or is STRC trying to stay at $100?
On October 28, a special shareholder meeting at Strategy (MSTR) approved an amendment allowing its four preferred stocks—STRF, STRC, STRK, and STRD—to pay dividends daily. The 8-K filing reported 381 million votes in favor and about 2.2 million against, for an approval rate of approximately 99.3%.
📋 Key points
• STRC goes first: Starting November 1, every calendar day will be a record date, with payment on the next business day. The first payment is November 2. STRF, STRK, and STRD will follow starting January 1, 2027, with the first payment on January 4.
• Dividend rates and total payment obligations remain unchanged. STRC’s variable rate of about 12% still works out to roughly $1 per $100 each month; it will simply be prorated by day.
• Weekend details: For shares cleared through DTC, record dates that fall on weekends or holidays are treated as the preceding trading day. For example, dividends for November 6–8 will all use November 6 as the record date and be paid on November 9. Anyone who buys on the 6th itself will not receive them.
• The company disclosed that it has repurchased $2.04 billion of STRC and holds $5.07 billion in cash reserves, which it says could cover about 3.4 years of dividends and interest. Its Bitcoin holdings total 848,517 BTC (as of October 25).
• Note: Preferred stock is not a deposit. Dividends still require a board declaration, and there is no maturity date.
📊 Market impact
The goal of daily dividends is to reduce price fluctuations around ex-dividend dates and help STRC trade closer to its $100 par value, preserving room for Strategy to continue raising funds to buy BTC. But this is an improvement to a financing instrument; it cannot change BTC’s own price trajectory. BTC is currently around $77,100, down about 1.7% over 24 hours. Nearby support: $76,300 and $76,000; resistance: $78,900 and $80,000.
What do you think: Will daily dividends make STRC more like a “stablecoin yield product,” or are they just making a high-risk investment look more appealing? Share your thoughts in the comments 👇
👉 Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#Strategy股东批准优先股每日派息 #MichaelSaylor #STRC #BitcoinTreasury
⚠️ This is not investment advice. Please be aware of the risks.
On October 28, a special shareholder meeting at Strategy (MSTR) approved an amendment allowing its four preferred stocks—STRF, STRC, STRK, and STRD—to pay dividends daily. The 8-K filing reported 381 million votes in favor and about 2.2 million against, for an approval rate of approximately 99.3%.
📋 Key points
• STRC goes first: Starting November 1, every calendar day will be a record date, with payment on the next business day. The first payment is November 2. STRF, STRK, and STRD will follow starting January 1, 2027, with the first payment on January 4.
• Dividend rates and total payment obligations remain unchanged. STRC’s variable rate of about 12% still works out to roughly $1 per $100 each month; it will simply be prorated by day.
• Weekend details: For shares cleared through DTC, record dates that fall on weekends or holidays are treated as the preceding trading day. For example, dividends for November 6–8 will all use November 6 as the record date and be paid on November 9. Anyone who buys on the 6th itself will not receive them.
• The company disclosed that it has repurchased $2.04 billion of STRC and holds $5.07 billion in cash reserves, which it says could cover about 3.4 years of dividends and interest. Its Bitcoin holdings total 848,517 BTC (as of October 25).
• Note: Preferred stock is not a deposit. Dividends still require a board declaration, and there is no maturity date.
📊 Market impact
The goal of daily dividends is to reduce price fluctuations around ex-dividend dates and help STRC trade closer to its $100 par value, preserving room for Strategy to continue raising funds to buy BTC. But this is an improvement to a financing instrument; it cannot change BTC’s own price trajectory. BTC is currently around $77,100, down about 1.7% over 24 hours. Nearby support: $76,300 and $76,000; resistance: $78,900 and $80,000.
What do you think: Will daily dividends make STRC more like a “stablecoin yield product,” or are they just making a high-risk investment look more appealing? Share your thoughts in the comments 👇
👉 Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#Strategy股东批准优先股每日派息 #MichaelSaylor #STRC #BitcoinTreasury
⚠️ This is not investment advice. Please be aware of the risks.
