Fidelity

3 months agoNews Editor

Fidelity Plans to Add Staking and Quarterly Dividends to Its $898M Ethereum ETF

Fidelity is planning to make its U.S. spot ether ETF yield-bearing. The Fidelity Ethereum Fund (FETH) would add staking and quarterly cash distributions under an amended registration statement, CoinDesk reported on Aug. 12. The fund has around $898 million in net assets. Under normal conditions it could stake up to 100% of the ETH it holds, while still holding back some assets to cover redemptions and liquidity. Staking rewards would be split: the fund keeps about 85%, and the rest, roughly 15%, goes to the sponsor, custodian, and node operators Blockdaemon, Figment and Galaxy as service fees. Net staking proceeds are first used to pay fund expenses; the remaining amount is distributed to holders as cash dividends at least quarterly, following the U.S. Internal Revenue Service safe harbor rules. If cash is short, Fidelity may sell part of its ETH to fund the payments. The revised registration statement sets out the proposed structure.

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Strategy

3 months agoNews Editor

Strategy Holds $4.75B in Cash, Covering About 2.7 Years of Dividend Payments

Strategy, the digital asset and business software company, holds $4.75 billion in cash, and CEO Phong Le says that sum is enough to cover roughly 2.7 years of dividend payments. Le said institutional investors and those who direct short-term funds into Strategy products care most about cash liquidity. To serve that demand, the company launched preferred share products such as STRC, which offer a way to capture bitcoin-related returns while keeping volatility in check. Strategy also holds about 840,000 bitcoin, approximately 4% of the 21 million total supply. Le described the company's shift from straightforward buy-and-hold bitcoin accumulation to building a digital financial platform centered on bitcoin. The software arm remains part of the plan. Software revenue grew 7% year over year, and cloud subscription revenue rose 54%. Around 1,500 employees are spread across legal, finance, AI engineering, development and marketing positions. (CoinDesk)

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SK Hynix

3 months agoNews Editor

Citrini Analyst: SK Hynix Plans $71B Shareholder Return Program

Citrini analyst jukan said in a post on X that SK Hynix is preparing a shareholder return program of about 100 trillion won ($71 billion), citing South Korean media. The program is expected to include share buybacks and cash dividends. The planned buyback is around 40 trillion won ($28.4 billion), or just over 2% of total shares, jukan said. That is close to the 2.5% of total shares added when the company issued American depositary receipts.

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Binance

3 months agoNews Editor

Binance to Support Cash Dividend Distribution for Apple, IBM bStocks Holders

Binance said on Aug. 6 it will support cash dividend distribution for holders of Apple (AAPL) and IBM (IBM) tokenized stocks bStocks. Dividends, after withholding tax, fees and other costs, will automatically be reinvested into additional or fractional shares of the underlying securities, and eligible users will receive distributions in the form of AAPLB and IBMB bStocks. Holders must meet position requirements at the record snapshot scheduled for 00:00 UTC on Aug. 10, 2026 to qualify. On-chain holders will receive their dividends through a multiplier adjustment method. Binance added that AAPLB/USDT and IBMB/USDT trading will be unaffected. The 1:1 conversion between AAPL/IBM shares and AAPLB/IBMB bStocks will be suspended at 23:30 UTC on Aug. 7; deposits and withdrawals for AAPLB and IBMB will be suspended at 23:30 UTC on Aug. 9. Services will resume after the dividend distribution is completed.

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Strategy

3 months agoNews Editor

STRC rebounds more than 30% from its June low as Strategy boosts cash reserves

Strategy’s perpetual preferred stock STRC has climbed back to about $94, rebounding more than 30% from its June low of $71 as Bitcoin stabilized above $60,000 and the company stepped up financial support measures. Since June, Strategy has sold Bitcoin three times, offloading 5,226 BTC for $321 million and reducing its holdings from 847,363 BTC to about 842,137 BTC. The company said those sales were meant to show it can actively use Bitcoin to fund dividend obligations rather than leave the asset idle on its balance sheet. At the same time, Strategy has repurchased roughly $106 million of STRC and added another $250 million to cash reserves, bringing its total cash position to $4 billion. The company said that amount would be enough to cover about 2.3 years of preferred dividend payments, while STRC’s annualized dividend rate remains unchanged at 12%. In its second-quarter earnings call, Strategy pointed to the stock’s past trading pattern after its IPO and said that, using a similar timeline, STRC could return to its $100 par value on Sept. 8. The company also said that projection is based only on historical price action and that the actual share price will still depend on market performance and investor sentiment.

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Strategy

4 months agoNews Editor 01

Strategy’s 32 BTC Sale Sparks Debate Over a $54 Billion Bitcoin Position

Strategy’s sale of 32 BTC triggered debate far beyond the size of the transaction, with critics focusing on trust, financing pressure, dividends, and how the company balances competing investor groups.

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Strategy

4 months agoNews Editor 01

Strategy Unveils $1.25B Bitcoin Sale Plan, Hikes Preferred Dividend to 12%

Strategy announces 'Digital Credit Capital Framework', authorizing sale of up to $1.25B in Bitcoin for dividends, debt, and buybacks. STRC preferred dividend raised from 11.5% to 12%. Cash reserves hit $2.55B. MSTR shares down ~50% YTD but up 5.5% pre-market Monday.

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Strategy

4 months agoNews Editor 01

Strategy Proposes Semi-Monthly STRC Dividends While Keeping 11.5% Annual Yield

Strategy wants to shift STRC preferred stock dividends from monthly to semi-monthly payments without changing the 11.5% annual rate. The proposal is pending a shareholder vote and comes as critics question the stock’s structure and Bitcoin exposure.

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