Strategy Proposes Daily Dividends for Preferred Shares to Stabilize Price at $100
Strategy, a major institutional Bitcoin holder, has proposed transitioning its U.S.-listed preferred stocks, including STRC, to a daily dividend payment schedule to support price stability and liquidity. Shareholders are scheduled to vote on the proposal on October 28, 2026, with the first potential daily payment set for November 2, 2026. This move follows the company's previous efforts to support its share price, which has remained below its $100 target since May 2026, including a $1 billion share buyback program. The company aims to mirror the performance of similar instruments that maintain value near $100 through daily payouts.
Summaries are written by AI from the original article. Not investment advice.