Strategy shareholders approved amendments allowing its four preferred stocks, STRF, STRC, STRK and STRD, to pay dividends every business day, with 99.3% of votes cast in favor per preliminary results. Dividends will accrue daily, including weekends and holidays, without changing annual dividend rates, which range from 8% to 12%. Daily payments on STRC start Nov. 2, while the other three follow on Jan. 4, 2027; Strategy said the change shortens the time between earning dividends and receiving cash. STRC carries a variable rate currently set at 12%, while STRK also allows conversion into common stock. Fellow Bitcoin treasury company Strive began daily dividends on its SATA preferred stock in June and plans daily payments on SATS, which pays a fixed 15%, from Nov. 9, subject to declaration.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
dividendspreferred stockStrategybitcoin
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/27/2026 | 80,909.77 |
| Change that session | +0.95% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Bitcoin treasury companies Strategy (MSTR) and Strive (ASST) must balance funding bitcoin purchases with paying dividends on their perpetual preferred stock, their main fundraising tool, according to Fidelity Digital Assets and analysts. Fidelity says preferred stocks have financed purchases of about 136,000 bitcoin in the 20 months since launch, and estimates the bitcoin-focused preferred market at roughly $12 billion. Bitwise expects ETFs to remain the larger demand source over the long run, while preferreds attract yield investors that ETFs have not reached. As the number of shares grows, dividend payments rise; CoinShares' James Butterfill noted that when preferreds trade below par, new issuance becomes less attractive and companies may favor buybacks over bitcoin purchases. Strategy spent $193 million repurchasing STRC in its latest weekly update and raised its preferred-stock repurchase authorization to $3 billion.
- Strategy Shareholders Approve Daily Dividends on Preferred Stock, With 99.3% in Favor
Strategy shareholders approved an amendment letting its four preferred stocks, STRF, STRC, STRK and STRD, accrue dividends every calendar day, including weekends and holidays, with 99.3% of votes cast in favor according to preliminary results. STRC will move first, with its first daily record date on November 1 and payment on November 2, while the other three switch over with a first record date on January 1 and payment on January 4, subject to filing amended terms for each stock. Record dates falling on non-trading days will be treated as the previous business day, so dividends are effectively grouped and paid on the next business day; for STRC, record dates rise from 24 a year to 365. STRC traded at $99.86 against its $100 par value, and last week Strategy paused Bitcoin purchases for the first time since mid-September to spend $204.9 million buying back STRC. Separately, Strategy faces possible removal from MSCI's widely tracked equity indexes, after MSCI finalized a rule treating companies whose balance sheets are dominated by a single asset as ineligible and will publish affected companies on November 11.
- Strategy conditionally declares daily dividends as STRC hovers below $100
Strategy, the largest corporate Bitcoin holder, conditionally declared daily dividends on its STRC preferred stock for each day of November, subject to shareholder approval and related amendments. The annualized rate would stay at 12%, which management plans to keep recommending until STRC shows sustained, healthy trading near its $100 par value. STRC was down 0.2% at $99.32 on Friday. Last week, Strategy bought 250 Bitcoin for $21.5 million, bringing its holdings to 848,250 BTC, while in the week ending Oct. 4 it repurchased $176 million of STRC, more than six times its $28 million in Bitcoin purchases.
- Strive raising $500 million to buy additional bitcoin with new preferred share class
Strive (ASST) is launching an IPO of a new perpetual preferred stock, SATS, offering a 15% fixed dividend. It aims to sell 5 million shares at $100 each, raising $500 million for bitcoin purchases, income-producing assets or stock buybacks. SATS ranks junior to the existing SATA preferred, which pays a variable rate currently at 13%, and the company plans a dividend reserve covering the first 18 months of SATS dividends at closing. Last week Strive bought 3,311 bitcoin, bringing holdings to 32,773 coins worth about $2.7 billion, up from below 20,000 coins three months ago.
- JPMorganChase Declares Preferred Stock Dividends
JPMorgan Chase (JPM) has declared dividends on its outstanding Series DD, EE, GG, JJ, LL, MM and NN preferred stock. Details are available on the Firm's Investor Relations website.
- Live updates: Bitcoin clings to $80,000 as Strategy’s cushion thins before earnings
Related markets
Latest news
- Microsoft beat estimates while Google looks at a value hit, and rising risks at Nvidia
The 8:30 show covers the day's top stories, including earnings from Microsoft (MSFT) and Alphabet (GOOGL)(GOOG), mounting risks at Nvidia (NVDA), and the new touchscreen laptop Apple (AAPL) just debuted.
- European Central Bank keeps key interest rate on hold at 2.5%
The European Central Bank held its deposit facility rate at 2.5% on Thursday, as expected, after a 25 basis point hike in September, even though euro zone headline inflation rose to 3.8% last month, the highest since September 2023. The Governing Council said rising energy prices pose upside risks to inflation and downside risks to growth, while underlying inflation and wages are broadly stable and financing conditions have tightened. Energy price inflation reached 18.8% amid Middle East turbulence. Deutsche Bank's Mark Wall said the policy path is harder to predict and expected one more hike to 2.75% in December, probably the end of the hiking cycle, while Christine Lagarde is still president. He added that the institution is bigger than any one person, but uncertainty remains about decisions next year after Lagarde's announced departure.
- Tech stocks hit hard after Samsung, Fortinet, and ServiceNow miss earnings
Samsung expects capital expenditure to rise 60% to $63 billion this year as it competes with SK Hynix and Micron, but its chip division operating income came in 2% below estimates and it is holding off on future shareholder payout plans until January. Fortinet's weak results hit cybersecurity stocks, and ServiceNow showed slowing bookings growth. A Bloomberg report said Marvell is in talks to buy Lumentum in a big deal, and Marvell shares fell sharply. The hosts said concerns over AI spending, financing costs, and Alphabet's business model are real, not just sentiment.
- Alphabet heads for a $400 billion drop in market value, the biggest in its history
Alphabet (GOOGL) fell about 13% in early trading Thursday after third-quarter results, putting it on track to erase more than $400 billion in market value, the second-biggest one-day loss ever for a US-listed company behind Nvidia's roughly $593 billion on Jan. 27, 2025. Google Cloud revenue more than doubled to about $31 billion and the Gemini app passed 1 billion users, but search revenue rose 12% to about $63 billion, short of the roughly $65 billion estimate. Free cash flow swung to a loss of about $9 billion as AI spending climbed, and the company's stakes in AI labs also weighed. Pivotal Research CEO Jeffrey Wlodarczak said bears will argue AI is starting to seriously hurt the search business, while CFRA's Angelo Zino said the pullback probably represents an opportunity. Alphabet has lost more than $1.3 trillion since its May record, and Amazon's results after Thursday's close will show whether the problem is specific to Google's search business.
- Monetary policy decisions
The ECB Governing Council decided to keep its three key interest rates unchanged: 2.50% on the deposit facility, 2.65% on main refinancing operations and 2.90% on the marginal lending facility. Energy prices have kept rising, posing upside risks to inflation and downside risks to growth, while underlying inflation has been broadly stable and wages show no material response yet. Financing conditions have tightened since the last meeting, which is likely to weigh on inflation and growth. The Council aims for inflation to stabilise at its 2% target in the medium term, is not pre-committing to a rate path, and stands ready to adjust all its instruments within its mandate.
- The Economy Could Be Growing Too Fast for Warsh
The Fed held its target range at 3.75% to 4% on October 28, 2026, in a 10-2 vote, with Lisa D. Cook and Beth M. Hammack favoring a 25-basis-point hike. Chair Kevin Warsh said first-half GDP was revised up to 2.4% from 1.8% and third-quarter growth is likely above 3%, but pushed back on the idea that the economy is overheating. The Atlanta Fed's GDPNow stood at 3.3%, and a futures-based measure put the odds of a December hike at 86.0%. Headline PCE inflation was 3.4% in August and core was 3.0%, mostly tied to energy and core goods affected by the Middle East conflict and tariffs, which rate hikes do little to address. SPY is up 13.26% year to date, but its large tech holdings make it sensitive to a 10-year yield above 5%, and its outlook weakens if September core PCE tops 0.3% or the yield passes its October 5 high of 5.31%.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.