Strategy shareholders approved the company’s Daily Dividends amendment, with preliminary results showing 99.3% of votes cast in favor, according to Executive Chairman Michael Saylor.
The amendment applies to four preferred stock series — STRF, STRC, STRK and STRD — and allows dividends to accrue every calendar day, including weekends and holidays.
What the amendment changes
The proposal first surfaced on Sept. 25, when Strategy asked holders to attend a special meeting scheduled for Oct. 28. At the time, the company said the change “would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability.”
Strategy also said it believed the changes could help common shareholders by increasing the attractiveness and utility of its Digital Credit instruments, supporting its ability to access preferred equity capital efficiently, and expanding the capital-markets tools it uses to execute its Bitcoin treasury strategy.
Under the approved structure, dividends would accrue daily but be paid on the next business day. Strategy has said scheduled dividend rates and total dividend obligations would remain unchanged. The company has also argued that the change could benefit common shareholders by making its Digital Credit instruments easier to use and easier to fund.
Timing is still subject to board action. If the board approves the change and required filings are completed, the first STRC record and payment dates would fall on Nov. 1 and Nov. 2, 2026. For STRF, STRK and STRD, the first record and payment dates would be Jan. 1 and Jan. 4, 2027. Those dates also depend on operational readiness.
STRC structure and prior changes
STRC carries a variable rate that Strategy can change at its discretion. According to the company’s quarterly report, the rate for the month ended June 30, 2026 was 11.50%.
Shareholders approved a move to semi-monthly STRC payments in June, and the new amendment extends that approach.
Strategy has described STRC as a vehicle designed to raise money from investors through a preferred stock offering aimed at a stable $100 price and a variable dividend yield, then use that capital to keep buying Bitcoin regardless of short-term price moves. The article described that setup as a potential global dollar-cost-averaging machine for Bitcoin.
Final certification of the vote will come in a company filing. Board approval remains the last step before any revised payment schedule can begin.
Strategy’s Bitcoin activity this year
The vote comes after Bitcoin fell into what the article described as somewhat of a bear market. Strategy slowed its Bitcoin purchases this year and sold some holdings to fund preferred dividends, interest payments and repurchases.
The company’s common stock, MSTR, is down near 50% over the past year, though it has risen by a figure approaching 1,000% since Strategy began buying Bitcoin in 2020.
Earlier this week, Strategy said it paused Bitcoin purchases for the prior week and kept its holdings unchanged at 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per Bitcoin.
The company also spent $204.9 million repurchasing STRC preferred stock while retaining a $4.83 billion cash reserve.
A comparable example
Another Bitcoin treasury company, Strive, pays cash dividends on its Variable Rate Series A Perpetual Preferred Stock, SATA, every business day. That schedule began on June 16 after a shift away from monthly payments.
This article first appeared in Bitcoin Magazine and was written by Micah Zimmerman.
