MicroStrategy (now doing business as Strategy) shareholders have voted to shift the dividend payment schedule for its 11.50% Series A Perpetual Preferred Stock (STRC) from monthly to semi-monthly, a move designed to enhance price stability, boost liquidity, and broaden the investor base. The change was approved at the company’s 2026 Annual Meeting of Stockholders, with support from both MSTR and STRC stockholders.
Under the new schedule, dividends will be paid on the 15th and the final day of each month. The first record date is June 30, 2026, and the first semi-monthly payment will be distributed on July 15. The annual dividend rate remains unchanged at 11.50%.
Strategy CEO Phong Le emphasized that the more frequent payouts are “designed to stabilize price, dampen cyclicality, drive liquidity, and grow demand for STRC, while giving STRC holders faster reinvestment opportunity.” At the time of the announcement, STRC was trading around $96.65, below its $100 par value.
The dividend news came alongside updates on Strategy’s Bitcoin acquisition program. The company resumed purchases after a brief pause, acquiring 1,550 BTC for roughly $101.3 million between June 1 and June 7 at an average price of $65,332 per coin. Total holdings now stand at 845,256 BTC. Strategy also increased its U.S. dollar reserve by $100 million to $1 billion, a move that follows a symbolic May sale of 32 BTC—the first since December 2022—that raised $2.5 million.
JPMorgan analysts flagged that the Bitcoin sale, though small, highlighted potential funding questions for preferred stock dividends. They argued that replenishing cash reserves could ease concerns about future Bitcoin sales to meet STRC obligations. However, BTCTOP CEO Jiang Zhuoer downplayed the risk, noting that even a Bitcoin drop to $30,000 would keep Strategy’s leverage ratio around 10%, and the company could sell older, lower-cost Bitcoin if needed while issuing new shares to continue buying.
