Strategy, the world's largest corporate Bitcoin holder, has proposed shifting its STRC preferred stock dividend payments from a monthly to a semi-monthly schedule. The company, chaired by Bitcoin advocate Michael Saylor, filed a preliminary proxy with the SEC on April 17, 2026, outlining the plan to pay investors every two weeks instead of once a month. The stated goal is to "stabilize price, dampen cyclicality, drive liquidity, and grow demand" for the STRC stock.
The annual dividend yield remains unchanged at 11.5%. Saylor argues that more frequent payments will reduce "reinvestment lag," the delay between receiving a dividend and being able to reinvest it. The timeline for implementation is set: a definitive proxy filing is expected by April 28, 2026, with shareholder voting closing on June 8. If approved, the new schedule would take effect on June 30, with the first semi-monthly payment made on July 15, 2026.
The proposal arrives amidst heightened scrutiny and legal warnings from prominent critic Peter Schiff. The economist and gold advocate has sharply criticized Strategy's funding model, specifically its use of STRC preferred stock to finance Bitcoin acquisitions. In a post on X, Schiff warned, "It's so misleading to constitute fraud. Get ready for the lawsuits when the dividends are cancelled and the stock craters." His primary concern is that the 11.5% yield is tied to Bitcoin's performance; a significant drop in BTC's price could jeopardize the company's ability to sustain dividend payments, potentially leading to investor lawsuits.
Despite the controversy, Strategy continues to be a dominant force in corporate Bitcoin accumulation. The firm currently holds 780,897 BTC and continues to expand its exposure under Saylor's strategy. Following the announcement and easing geopolitical tensions, the STRC stock price saw a slight rise to around $99.21, while Bitcoin's price jumped to $78,000.
