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Strategy’s STRC Seeks World-First Daily Dividend Accrual; Rollout Could Start Next Week if Approved
Summary
- Strategy, a corporate Bitcoin holder, said it plans to introduce a daily dividend accrual structure based on the calendar for its preferred stock STRC.
- The company said the method would calculate dividends based on every day including weekends and holidays, setting it apart from traditional financial products centered on business days.
- It added that the STRC daily dividend accrual method has not yet been approved, and that any launch and timing will depend on the approval outcome.
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Strategy, the corporate Bitcoin holder, plans to introduce a structure under which dividends on its preferred stock STRC accrue every calendar day.
Phong Le, Strategy’s chief executive officer, wrote on X on October 26 that the change would be implemented a week later if the daily dividend accrual method for STRC wins approval.
Under the proposal, dividends would accumulate every day on the calendar. That means payouts would be calculated for all dates, including weekends and holidays, unlike traditional financial products that operate on a business-day basis.
Le said STRC would become the world’s first security with dividends accruing daily on a calendar-day basis if the method is adopted.
He added that the change could help accelerate the digital transformation of capital markets. It could also set a new standard for how dividends are calculated for traditional financial products.
The daily dividend accrual method has not yet been approved. Whether it is implemented, and when, will depend on the outcome of that process.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.