Strategy Proposes Daily Dividends for Preferred Shares
- Bitcoin treasury firm Strategy proposes daily dividend accruals on STRF, STRC, STRK, and STRD.
- Dividends would accrue every calendar day, including weekends and holidays, and pay the next business day.
- Shareholders are set to vote on the proposal on October 28.
- STRC will switch to daily dividends on November 1, with the other three following on January 1.
- The change aims to enhance price stability, liquidity, and demand for these shares.
Strategy’s proposal for daily dividends is intended to improve market conditions by increasing liquidity and reducing volatility in its preferred shares. By transitioning from monthly or quarterly payouts to daily accruals, the firm seeks to offer a more stable investment option.
If approved, Strategy’s preferred shares will become unique in offering daily dividends across a full calendar year, potentially setting a new standard for financial instruments in the Bitcoin sector. (Source)
