Strategy (MSTR) rose 4.45% to $136.58 on Nov. 3 U.S. Eastern Time, or Nov. 4 Beijing Time, after the company began paying daily dividends on its Stretch preferred stock, STRC, at a 12% annualized rate. The first payment was scheduled for the same day. The move came after Strategy had earlier announced another STRC repurchase and resumed buying Bitcoin. The update was cited by Techub News, with CoinGape referenced as the source in the brief. The report focused on the stock move, the launch of the daily dividend program, the timing of the first payout, and the company’s earlier actions involving STRC repurchases and renewed Bitcoin purchases.
Strategy (MSTR) rose 4.45% to $136.58 on Nov. 3 U.S. Eastern Time, which was Nov. 4 in Beijing, according to a Techub News brief.
The company has started paying daily dividends on its Stretch preferred stock, STRC, at a 12% annualized rate. The first payment was scheduled for the same day.
Earlier, Strategy had also announced another STRC repurchase and resumed buying Bitcoin. The brief cited CoinGape.
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