preferred stock

Strategy

2026-10-03 00:48:00

Strategy seeks shareholder approval to switch STRC dividends to daily accrual

Strategy Executive Chairman Michael Saylor said Bitcoin itself does not pay a coupon, while the company distributes U.S. dollar dividends to investors under the terms of its securities. He said the firm raises funds by issuing stock or selectively selling holdings, and uses cash reserves to cover dividends and debt interest. Strategy also said its preferred shares are not backed by Bitcoin collateral. The company’s common stock, MSTR, is positioned as a vehicle for Bitcoin exposure, while preferred stock STRC is aimed at investors seeking dollar income. STRC currently carries a 12% annualized dividend rate, with the rate reset monthly and dividends paid twice a month. The security has no maturity date and does not guarantee repayment of principal. On Sept. 25, Strategy proposed changing the dividend structure so that dividends accrue on each calendar day, while keeping the regular dividend rate and total amount unchanged. Shareholders are scheduled to vote on the proposal on Oct. 28. If approved, STRC’s first daily record date will be Nov. 1, with the first payment set for Nov. 2, according to Bitcoin.com News.

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Strategy

2026-10-01 12:15:47

Strategy keeps STRC preferred dividend rate at 12% annualized

Strategy Inc. (MSTR) said in an 8-K filed on Sept. 30, 2026 that the annualized dividend rate for its Variable Rate Series A Perpetual Stretch Preferred Stock, trading under STRC, will remain at 12.00% for the semi-monthly period beginning Oct. 16, 2026. The company also said its board declared a semi-monthly cash dividend of $0.50 per share. Those payments are scheduled for Oct. 31 and, subject to contingent conditions, Nov. 15. In the same disclosure, Strategy said it will hold a special meeting of stockholders on Oct. 28 to consider an amendment that would change the dividend record date for STRC and certain other preferred shares to each calendar day. The update was reported by BlockBeats on Oct. 1.

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Strategy

2026-09-29 18:56:17

Strategy launches preferred stock credit pricing calculator

Strategy has introduced a preferred stock credit pricing calculator, according to Techub News. The tool is designed to compare the current market price of Strategy’s preferred shares with a reference derived price generated by the company’s credit risk calculator based on Bitcoin credit. The comparison gives users a direct view of how market pricing lines up against a model-based valuation tied to the company’s credit profile. Strategy said the calculator is intended to support investment decisions by making the gap between market pricing and credit-based valuation easier to assess.

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Strategy

2026-09-29 10:25:42

Strategy resumes back-to-back Bitcoin buys and steps up support for STRC

Strategy, the Bitcoin treasury company led by Michael Saylor, disclosed that it bought 1,665 BTC for $142.7 million in the week ended Sept. 27, paying an average of $85,681 per coin. The purchase marked the company’s second straight weekly Bitcoin buy, its first such streak since June, and lifted total holdings to a record 847,666 BTC. The company said its aggregate Bitcoin investment now stands at about $63.9 billion, with an average cost basis of $75,437. The filing also showed that Strategy spent even more on STRC than on Bitcoin last week. It repurchased about 1.53 million STRC shares for $151.7 million, using $103.5 million from MSTR equity issuance and $48.1 million from its U.S. dollar cash account. Separately, it allocated $22.1 million from dollar reserves to pay preferred dividends. As of Sept. 27, the company held about $1 billion in general cash and another $5 billion in separate dollar reserves. Strategy is also seeking to change the dividend mechanics for four U.S.-listed preferred stocks — STRC, STRF, STRK and STRD. Under the proposal, STRC would move first, with holders of record on Nov. 1 set to receive the first daily-accrual dividend payment on Nov. 2. The company said keeping STRC trading close to its $100 par value is one goal of the change.

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Bitcoin

2026-09-29 08:25:33

The Smarter Web Company wins shareholder approval for UK’s first BTC-backed preferred stock

The Smarter Web Company, a UK bitcoin treasury company, has received shareholder approval to launch MORE, described as the first preferred stock in the UK backed by bitcoin. The update points to a new capital-markets product tied directly to the company’s bitcoin strategy. The company also expects to raise between $20 million and $33 million through an initial public offering. According to the brief, the proceeds are intended for two uses: buying additional bitcoin and acquiring operating businesses that can generate cash flow. The information was cited by Odaily, which referenced Bitcoin Treasuries. No further details on the structure, timing, or listing venue of the preferred stock were disclosed in the source text.

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Strategy

2026-09-28 15:05:16

Strategy’s Bitcoin Holdings Climb Back Above Pre-Summer Sale Level After Two Straight Weekly Purchases

Strategy said its bitcoin holdings have moved back above the level it reported before starting a round of summer sales in late June. In a Form 8-K filed Monday, the company disclosed that it bought 1,665 BTC between Sept. 21 and Sept. 27 for $142.7 million, paying an average of $85,681 per coin including fees. That brought total holdings to 847,666 BTC, slightly above the 847,363 BTC it reported as of June 21. The company had sold a combined 6,916 BTC between June 29 and Aug. 9, according to earlier filings, and said those proceeds were used to fund preferred dividends, replenish its dividend reserve, and repurchase STRC preferred stock. Strategy said the latest bitcoin purchase was funded through sales of MSTR Class A shares under its at-the-market program. It sold 1,469,165 shares for $246.2 million in net proceeds, allocating $142.7 million to bitcoin purchases and $103.5 million to STRC buybacks. Strategy also disclosed that it repurchased 1,534,530 STRC shares for $151.7 million, or about $98.86 per share, and drew an additional $48.1 million from its USD Cash account for those buybacks. The company said $723.5 million remains under a repurchase authorization that it expanded to $2 billion this month. Shareholders are also being asked to vote on daily dividends for STRC and three other preferred stocks at a special meeting scheduled for Oct. 28.

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Strategy

2026-09-26 01:56:16

Strategy Seeks Shareholder Approval to Shift Four Perpetual Preferred Stocks to Daily Dividends

Strategy, the Nasdaq-listed company known for its Bitcoin treasury strategy, has asked shareholders to approve a restructuring that would move four U.S.-listed perpetual preferred stocks to a daily dividend model. In a PRE 14A preliminary proxy filing submitted to the U.S. Securities and Exchange Commission on Sept. 25, 2026, the company said it will hold a special shareholder meeting on Oct. 28 to vote on the change. If approved, Strategy said its Digital Credit preferred stock lineup would become one of the first listed fixed-income securities in the U.S. equity market to accrue dividends on a calendar-day basis and distribute them daily. The company said the structure is designed to reduce ex-dividend price gaps, citing data showing STRC averaged a roughly 49 basis-point discount on ex-dividend dates under monthly payments, compared with 36 basis points after moving to semi-monthly distributions. STRC is scheduled to adopt the daily framework first in November 2026, while STRF, STRK and STRD are set to transition from Jan. 1, 2027.

180

Strategy

2026-09-25 15:02:52

Strategy Seeks Shareholder Approval to Shift Four Preferred Stocks to Daily Dividends

Strategy has asked shareholders to approve a change that would move dividends on its four U.S.-listed preferred stocks — STRF, STRC, STRK, and STRD — to a daily schedule without changing dividend rates or total annual payouts. In a preliminary proxy filed Friday, the bitcoin treasury company said it plans to hold a virtual special meeting on Oct. 28. If approved, every calendar day, including weekends and holidays, would become a dividend record date, with payments made on the next business day. STRC is expected to transition first. Its last semi-monthly record date is projected for Oct. 15, with the first daily record date on Nov. 1 and payment on Nov. 2. STRF, STRK, and STRD are expected to keep quarterly dividends through a Dec. 15 record date, then begin daily payments on Jan. 4, 2027. The filing says daily amounts would be rounded down to the nearest cent, with adjustments on the 15th and at month-end. Only holders of Strategy common stock as of Sept. 25 can vote, while preferred holders cannot. The company says the shift is meant to support price stability, liquidity, and demand. Board materials also point to lower ex-dividend price drops for STRC after its earlier move from monthly to semi-monthly payouts.

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