Strategy Shareholders Approve Daily Preferred Dividend Plan With 99.3% Support
JOON HYOUNG LEE
Summary
- Strategy, the world's largest Bitcoin (BTC) treasury company, approved a proposal to change its preferred-share dividend schedule to a daily basis.
- Preliminary shareholder voting on the dividend-schedule change for Strategy's four preferred shares — STRC, STRF, STRK and STRD — showed 99.3% support.
- Strategy CEO Phong Le said the company would introduce a system under which preferred-share dividends accrue daily, including on weekends and holidays, and are paid on the next business day.
Shareholders of Strategy, the world's largest corporate Bitcoin holder, have approved a proposal to shift preferred-share dividends to a daily schedule.
Odaily reported on October 28 that 99.3% of preliminary shareholder votes supported the measure to change the dividend cycle to daily payments. The change applies to four Strategy preferred shares: STRC, STRF, STRK and STRD.
Earlier, Strategy Chief Executive Officer Phong Le had said the company would introduce a structure under which preferred-share dividends accrue every day, including weekends and holidays. Confirmed dividend payments will then be made on the next business day.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul