Overview
- Shareholders voted overwhelmingly on October 28 to amend STRC, STRF, STRK and STRD so dividends accrue every calendar day, with preliminary results showing 99.3% of votes cast in favor.
- The rollout is staged and conditional: STRC record dates are set to begin November 1 with the first payment November 2, and STRF/STRK/STRD are slated to start January 1, 2027, but the changes require final board action and filing of amended certificates.
- Weekend and holiday record dates will be bundled because DTC and Nasdaq treat non‑trading days as the prior business day and U.S. trades settle T+1, so several daily accruals may be paid together on the next business day.
- The vote comes as Strategy paused Bitcoin purchases for the week ended October 25, repurchased $204.9 million of STRC that week, reported 848,517 BTC holdings and posted $19.53 billion in Q3 net income driven by a $20.91 billion Bitcoin mark‑to‑market gain, and announced a CFO transition.
- Management says daily payouts should reduce reinvestment lag and tighten STRC trading near its $100 stated amount, which could reopen preferred issuance to fund future Bitcoin buys if outside demand holds and the board completes the implementation steps; investors should watch STRC price action, weekly filings and an upcoming MSCI index review.