Strategy Declares Daily Dividends for STRC Amid Bitcoin Holdings
- Strategy, the largest corporate Bitcoin holder, announced daily dividends on its STRC preferred stock for November.
- Dividends will be paid for each day from November 1 to November 30, starting on November 2.
- The annualized dividend rate is set at 12%, contingent on stock performance near $100 per share.
- Last week, Strategy acquired an additional 250 BTC for $21.5 million, increasing total holdings to 848,250 BTC.
- STRC shares were priced at $99.32, down by about 0.2% as of Friday afternoon UTC.
The declaration of daily dividends aims to enhance the attractiveness of STRC and support its trading value around par value of $100. This strategy aligns with the company’s ongoing efforts to leverage Bitcoin holdings as a funding mechanism for dividends.
With a total of over $176 million spent on STRC buybacks compared to $28 million in Bitcoin purchases during a recent week, Strategy continues to position itself strongly in the market.(Source)
