Strategy to Pay STRC Dividends Twice a Month, First Payment on July 15
Summary
- Strategy said shareholders approved a charter amendment changing the STRC dividend schedule from once a month to twice a month.
- Strategy said it increased its holdings to 845,256 BTC through the sale of 32 Bitcoin and an additional purchase of 1,550 Bitcoin.
- Saylor said the company increased its dollar reserve by $100 million to a total of $1 billion, a move interpreted as emphasizing dividend payment stability for STRC holders.
Forecast Trend Report by Period
Strategy, formerly known as MicroStrategy, will increase the dividend frequency on its STRC preferred stock to twice monthly from once a month. The change comes as the company expands its Bitcoin holdings and increases its dollar reserves.
Chairman Michael Saylor wrote on X on June 8 that STRC and MSTR shareholders approved a charter amendment to shift the STRC dividend schedule from monthly to twice monthly.
The first record date under the new schedule is June 30, and the first payment date is July 15. Saylor also thanked shareholders who participated in the vote.
STRC is a preferred-stock product Strategy uses to support its Bitcoin treasury strategy. The company previously sold 32 Bitcoin to help fund STRC dividend payments.
Strategy later purchased an additional 1,550 Bitcoin, bringing its holdings to 845,256 BTC. Saylor also said the company raised its dollar reserves by $100 million, bringing the total to $1 billion.
The company is tightening the framework it uses to manage both its Bitcoin accumulation strategy and its preferred dividend obligations. The revised STRC payout schedule and larger dollar reserves underscore payment stability for preferred shareholders.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
