Main bitcoin treasury firm Strategy (MSTR) has proposed shifting the dividend fee schedule on its perpetual most well-liked fairness, Stretch (STRC), from month-to-month to semi-monthly.
The modification, outlined in Strategy’s investor presentation, would maintain the 11.5% annualized dividend charge and whole annual obligations unchanged (presently $1.2 billion). Holders would obtain payouts roughly each two weeks as a substitute of as soon as a month, with the primary semi-monthly fee anticipated on July 15, following the June 8 shareholder vote.
In line with Strategy’s presentation, STRC presently sees a mean $0.45 value drawdown after the ex-dividend date (the deadline to personal a inventory to obtain a dividend), with restoration to its $100 par worth taking round two weeks. Usually, on the ex-dividend date, the inventory value drops by roughly the quantity of the dividend fee.
When STRC trades under its $100 par worth, Strategy can not problem shares by its at-the-market (ATM) program to boost funds for bitcoin purchases. By smoothing the value motion, the corporate goals to maintain STRC nearer to par, enabling extra constant capital elevating.
Semi-monthly funds are anticipated to cut back this volatility and time lag.
Steadier bitcoin shopping for
Extra frequent payouts would additionally scale back reinvestment lag and unfold out the shopping for strain extra evenly throughout the month, permitting Strategy to buy bitcoin at a steadier tempo and maintain purchases constant.
In line with the presentation, the shift aligns with the everyday twice-monthly U.S. payroll cycle and creates extra entry and exit alternatives for shareholders, all geared toward decreasing volatility.
STRC’s historic volatility averaged 13% from August 2025 to March 2026, however dropped to only 2% between March and April 2026, in response to Strategy’s information.
If accredited, STRC would change into the one semi-monthly dividend-paying most well-liked out there, in contrast with 921 that pay quarterly and 32 that pay month-to-month, the corporate stated. Nasdaq guidelines require at the least 10 calendar days between dividend declaration and the report date.
STRC just lately fell under $99 following the April 15 ex-dividend date, a drop of greater than $1, which is the volatility the corporate is aiming to cut back.
Disclosure: The creator of this story owns shares in Strategy (MSTR).
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