Strategy’s STRC preferred shares touched $100 during Wednesday trading for the first time since May, according to Google Finance data. The move followed months of share buybacks and changes to the dividend structure, but crossing $100 does not automatically trigger new share sales or bitcoin purchases; both depend on management decisions and market conditions.
STRC carries a 12% annualized dividend rate. Shareholders approved a shift to daily dividend accruals beginning Nov. 1, according to preliminary voting results shared by Executive Chairman Michael Saylor. Strategy can adjust the dividend rate monthly, though it has said it intends to keep the current rate until the shares show sustained stability around $100.
