Overview
- Strategy filed a proxy Friday to switch its STRC preferred stock dividend from monthly to semi‑monthly, with voting set to close June 8 and a first payment targeted for July 15 if approved.
- The proposal keeps the 11.5% annual dividend rate and total payout unchanged, and it is pitched as a way to smooth ex‑dividend drops that can push STRC below its $100 par value and pause at‑the‑market issuance.
- STRC’s scale and stability have grown, with about $6.4 billion outstanding and recent two‑month volatility near 2.1%, and management says twice‑monthly payouts could reduce those swings further.
- MSTR shares rose about 12% Friday as bitcoin climbed to roughly $77,400, a move aided by easing oil prices tied to Strait of Hormuz headlines and fresh interest in high‑beta bitcoin plays.
- Strategy bought 13,927 bitcoin this week for roughly $1 billion using STRC funding, bringing its holdings to about 780,897 BTC, while some analysis warns preferred dividend obligations could rise sharply into 2026.