- Strategy said it raised the annual dividend rate of preferred stock STRC to 10%.
- It said STRC's per-share dividend was set at 0.8333 dollars from September.
- It reported that this is linked to a strategy to raise the price of STRC to 100 dollars and to additional Bitcoin purchases.
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Strategy raised the annual dividend rate of the preferred stock 'STRC' to 10%. The previous annual dividend rate was 9%.
On the 3rd (local time), CoinDesk reported that Strategy raised STRC's annual dividend rate to 10%. Starting in September, 0.8333 dollars per share will be paid as a dividend.
This is interpreted as part of a strategy to purchase Bitcoin. CoinDesk explained, "This is Strategy's strategy to raise the price of STRC to 100 dollars," adding, "If STRC continues to trade below 100 dollars, purchasing Bitcoin through additional ATM share issuance will become difficult." Currently, STRC is trading around 97 dollars.
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