MicroStrategy Proposes Daily Dividend Payouts for Preferred Shares to Boost Bitcoin Funding

MicroStrategy executive chairman Michael Saylor has proposed shifting the dividend payment frequency for the company's multi-billion dollar preferred shares from semi-monthly or quarterly to daily, with an annualized yield of up to 12%. The move aims to raise capital for Bitcoin acquisitions without diluting common shareholder equity, especially as the premium on the company's common stock has diminished. With over $14 billion in outstanding preferred shares, the proposal is expected to pass by the October 28 voting deadline due to Saylor's significant shareholder influence, though analysts remain skeptical about the impact on liquidity and credit risk.