Strategy (MSTR) Stock: What to Know About the STRC Dividend Proposal

TLDR

• Strategy is asking shareholders to approve daily dividends across its four preferred stocks: STRF, STRC, STRK and STRD.
• The change alters payment timing only. Dividend rates and total payment amounts stay the same.
• Shareholders vote on the proposal at a virtual meeting on Oct. 28.
• STRC has traded below its $100 stated value since May, dropping as low as $71 in June.
• Strategy CEO Phong Le blamed the drop on unexpected leverage in the market for STRC.

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Strategy wants to pay shareholders every single day. The bitcoin treasury company is asking investors to approve daily dividends across its four U.S.-listed preferred stocks. MSTR closed at $158.61 and was trading around $158 on Friday, down 2.15% on the day.

Strategy Inc, MSTR

The proposal targets STRF, STRC, STRK and STRD. Under the new structure, every calendar day would count as a dividend record date. Payment would land the next business day.

Nothing changes about the actual dividend rates or total amounts owed. This is purely about timing. Shareholders will vote on the plan at a virtual special meeting on Oct. 28.

Strategy is proposing daily dividends on $STRF, $STRC, $STRK, and $STRD, accruing every calendar day, including weekends and holidays, and paid the next business day, with economics unchanged. The proposed changes aim to support price stability, liquidity, and demand. pic.twitter.com/N0wkXzi1gl

— Michael Saylor (@saylor) September 25, 2026

STRC would move first. If approved, its first daily dividend would be paid on Nov. 2. STRF, STRK and STRD would follow in January, with first payments expected Jan. 4.

Why STRC Needs Help

STRC has had a rough year. It’s carried a 12% annual dividend rate but still hasn’t traded back up to its $100 stated value since May.

The stock bottomed out at $71.25 in June during a broader bitcoin selloff. It’s since recovered to around $98.65, but the gap to $100 has proven stubborn.

Strategy CEO Phong Le explained the drop on Natalie Brunell’s Coin Stories podcast this week. He said more leverage entered the STRC trade than the company expected.

Investors were borrowing against bitcoin at low rates to buy STRC, pocketing the spread against its dividend yield. When bitcoin’s price dropped, those investors got margin calls and had to sell STRC or post more collateral.

“We did not expect the amount of leverage that came into the system,” Le said. “And so that’s a lesson learned, next time around.”

Following Strive’s Lead

Strategy isn’t the first bitcoin treasury company to try this. Strive made the move in May with its SATA preferred stock, becoming the first public company to pay dividends daily.

Strive’s SATA pays out every business day at a 13% annual rate and has held close to $100 more consistently than STRC. Strategy’s version differs slightly. It counts every calendar day, including weekends and holidays, as a record date rather than just business days.

Strive holds 26,355 bitcoin. Strategy holds far more: 846,000 BTC, acquired for $63.80 billion at an average price of $75,416 per coin.

Strategy has also been buying back its own preferred shares to support the price. The company has spent roughly $1 billion under a $2 billion buyback program, including $174 million of STRC bought back in the week ending Sept. 20.

Le said the company now wants to build a stronger dollar reserve and lean on its policy of repurchasing STRC when it trades below $100. He also wants more long-term, institutional holders in the mix.

Bitcoin itself traded around $83,600 on Friday. The amendments to Strategy’s preferred stock certificates would take effect once filed with the state of Delaware.