Strategy Seeks Semi-Monthly Dividends for STRC Preferred Stock

Strategy, a prominent bitcoin treasury company, has submitted a proposal to modify the dividend payout frequency of its STRC preferred stock. The proposed change aims to shift from monthly to semi-monthly payments, which is expected to further reduce the volatility of the stock.

The STRC series of preferred stock has been highly successful, with outstanding notional value reaching $6.4 billion as of the latest filing. Volatility has decreased significantly over the past two months, dropping to 2.1% compared to 13% in the first eight months after the series' launch.

Executive Chairman Michael Saylor stated that the proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand. The dividend rate and annual obligation will remain unchanged at 11.5%.