MicroStrategy Raises STRC Dividend Rate Amid Bitcoin Volatility

MicroStrategy Inc., a company formerly known as MicroStrategy, has increased the dividend rate on its STRC preferred stock by 25 basis points to 11.50%. This move is notable because it reflects the company's emphasis on bitcoin, which is tied to the value of its STRC shares.

The change in dividend rate was announced by Executive Chairman Michael Saylor, who highlighted the importance of maintaining a stable trading price for the preferred stock. To achieve this goal, the company resets the annualized rate each month to keep trading close to the $100 par value.