Strategy seeks shareholder approval for daily preferred stock dividends

By Khal · · 2 min read

Editorial illustration: Four navy certificate-like cards stand beside rows of silver tokens, a navy ballot box with a blank ballot, and a blank flip calendar on a sunlit stone table.
AI-generated editorial illustration · AI-generated editorial illustration · Published Sep 25, 2026, 5:03 p.m. (31 minutes ago)

In brief

  • Strategy board approves daily dividend payments for STRC, STRF, STRK, STRD preferred stocks
  • Shareholders vote on amendments at virtual meeting Oct. 28
  • STRC daily payments expected to begin Nov. 2
  • Strive adopted daily dividends on SATA in June, setting precedent

Daily Dividend Structure

If approved, each calendar day would become a dividend record date, with the corresponding payment made on the next business day. STRC would move to the new schedule first, with its initial daily dividend payment expected on Nov. 2. STRF, STRK and STRD would follow in January, with their first payments under the daily schedule expected on Jan. 4.

Strategy's approach differs from Strive's model. Unlike Strive's business-day schedule, Strategy's proposal would make every calendar day a record date, with the corresponding dividend payable on the following business day. Strive announced in May that SATA would begin paying dividends every business day on June 16 at a 13% annual rate.

Bitcoin Treasury Scale and Digital Credit

Strategy holds 846,000 BTC, compared with Strive's 26,355 Bitcoin. Strategy pioneered what it calls "digital credit," preferred securities designed to generate income from a capital structure built around the company's Bitcoin treasury. STRC currently carries a 12% variable annual dividend rate.

Addressing Market Volatility

In June, STRC stock fell sharply below its $100 stated amount, hitting an intraday low of $71.25 on June 26. Strategy CEO Phong Le attributed the decline to more leverage entering the market for STRC than the company had anticipated. Some investors borrowed against Bitcoin at lower rates to buy STRC and capture the spread between their borrowing costs and STRC's dividend yield. When Bitcoin's price fell, investors who had borrowed against their holdings faced pressure to either add more collateral or sell STRC.

Le said Strategy is seeking to prevent another such unwind by maintaining a strong US dollar reserve and having a policy that allows the company to repurchase STRC when it trades below its $100 stated amount. He also said the company wants to attract more long-term holders, particularly institutional investors. STRC has since recovered to about $98.41, close to Strategy's stated goal of keeping the security between $99 and $100.

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