OranjeBTC Supports Strategy’s Proposed Dividend Change for STRC Stock
- OranjeBTC is voting in favor of moving $STRC dividends to a semi-monthly schedule.
- Voting began on April 28 and will continue until June 8, with eligible voters being those who owned MSTR or STRC stock as of April 17.
- If approved, the first dividend payment under the new schedule is expected on July 15.
- The proposal aims to enhance capital efficiency and improve liquidity for $STRC.
- Strategy reported a diluted EPS loss of $38.25 in Q1, significantly higher than the projected loss of $3.41.
The proposed change to semi-monthly dividends is designed to optimize capital utilization and reduce volatility around the asset. This comes after Strategy’s significant unrealized losses in digital assets, including a markdown of $12.54 billion in Bitcoin holdings.
With voting ongoing until June, the outcome could reshape dividend dynamics for STRC, potentially enhancing liquidity as indicated by OranjeBTC’s support for the proposal. (Source)
