Hardware Ready Ready to Bench?
Strategy shareholders approved an amendment introducing the payment of daily dividends for the company’s four preferred stocks: STRC, STRF, STRK, and STRD. The decision was ratified with 99.3% of votes cast in favor during the special meeting convened on October 28. Michael Saylor, Executive Chairman of Strategy, confirmed the voting results, emphasizing that the modification aims to reduce reinvestment lag and improve the liquidity of the financial instruments.
Why it matters
This move marks a structural change in the treasury management of the world’s largest Bitcoin holder. By shifting from semi-annual or quarterly payments to daily ones, the company seeks to increase the price stability of its preferred stocks and align with practices already adopted by other sector companies, such as Strive, which has paid daily dividends on its SATA preferred stock since June 16. For the market, this means a higher frequency of profit distributions derived from Bitcoin holdings, while keeping interest rates and total obligations under the contracts unchanged.
The numbers
At the time of the announcement, Strategy held 848,517 Bitcoin, with a total acquisition cost of $64.02 billion and an average purchase price of $75,446 per coin. The company maintained a cash reserve of $4.83 billion and allocated $204.9 million to the buyback of STRC preferred shares. The variable rate applied to STRC for the month closed on June 30, 2026, was 11.50%. Meanwhile, common stock MSTR recorded a 50% decline over the last year, despite showing growth of approximately 1,000% since 2020.
What remains to be understood
The exact start dates for payments are set for November 1 for STRC and January 1, 2027, for the other three classes, but these timelines remain subject to final board approval and the completion of bureaucratic procedures. Official certification of the vote will occur through a future corporate filing. Additionally, dividends accumulate every calendar day but are actually paid on the next business day, a mechanic that requires operational infrastructure ready to handle daily holder registration.
Sources: Decrypt, Cointelegraph, Bitcoin Magazine, Unchained.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
* Content created with the assistance of artificial intelligence systems.