Overview
- Strategy kept the STRC dividend at 11.5% for May, marking a third straight month at that rate.
- The company cited April’s volume-weighted average price of $99.76, a level it uses to set payouts that hold the preferred near its $100 par.
- STRC traded around $99.75 and has stayed just below par since April 15, indicating mild price pressure.
- Management is considering switching from monthly to semi-monthly payments to reduce trading swings.
- MSTR shares rose 33% in April to $165 and Bitcoin gained about 12%, adding support to sentiment around the financing program.