Strategy Modifies Dividend Policy for STRC Preferred Stock

Strategy's subsidiary, STRC, has announced a modification to its dividend policy. Instead of paying monthly dividends, the company plans to pay semi-monthly. This change aims to increase liquidity and reduce price volatility.

The new dividend structure will not affect the total annual payout or yield. However, it is expected to provide more frequent payments to investors, with the first record date set for June 30. The new batch of payments will begin on July 15 if the proposal is approved.

STRC's preferred stock has been used by Strategy to raise capital, which has been invested in Bitcoin. The company has already made a significant purchase this week, buying billions of dollars' worth of cryptocurrency. Peter Schiff, a long-time critic of Bitcoin and STRC, has expressed concerns about the structure of STRC, calling it 'so misleading [as] to constitute fraud.'