Strategy Declares Daily Dividends on STRC Preferred Stock for November
- Strategy, the largest corporate Bitcoin holder, declared daily cash dividends for its STRC preferred stock from Nov. 1 to Nov. 30.
- The annualized dividend rate remains at 12%, pending shareholder approval and amendments.
- STRC traded at $99.32, down by 0.2% as of Friday afternoon UTC.
- Last week, Strategy added an additional 250 BTC for $21.5 million, increasing total holdings to 848,250 BTC.
- In the week ending Oct. 4, the company repurchased $176 million worth of STRC shares.
The declaration of daily dividends aims to enhance the appeal of STRC to investors and stabilize its trading near par value of $100 per share. This strategy is part of a broader capital framework that allows Bitcoin sales to fund dividends.
With total holdings now at over 848,250 BTC, Strategy’s recent moves may bolster investor interest in STRC as it approaches its dividend payout period.
