Strategy proposes daily dividends for its preferred shares

Strategy aims to switch to daily dividends

On Thursday, the board of directors at Strategy approved a proposal concerning its STRF, STRC, STRK, and STRD preferred shares. Subject to a shareholder vote scheduled for October 28, their dividends would henceforth accrue every calendar day, including weekends and holidays, and be paid out on the following business day.

🔍️ Discover our comparison of the 10 best sites to buy Bitcoin

This does not necessarily mean a cash transfer is received 365 days a year, but rather that dividend rights accumulate daily.

Strategy is proposing daily dividends on $STRF, $STRC, $STRK, and $STRD, accruing every calendar day, including weekends and holidays, and paid the next business day, with economics unchanged. The proposed changes aim to support price stability, liquidity, and demand. pic.twitter.com/N0wkXzi1gl

— Michael Saylor (@saylor) September 25, 2026

The reform would change neither the total amounts paid out nor the dividend rates. STRC currently features a variable rate of 12% per year, while STRF and STRD offer 10%, compared to 8% for STRK.

STRC, which currently pays dividends twice a month, would shift from 24 to 365 record dates annually starting in November. STRF, STRK, and STRD—currently on a quarterly schedule—would adopt the new system at the beginning of January 2027.

Stabilizing the STRC price

With this reform, Strategy is looking to limit price fluctuations linked to dividends. When a dividend is paid, the stock price typically drops by an amount close to the payout. By distributing payments more frequently, the company intends to smooth out this effect, improve liquidity, and attract more investors. It had already applied this logic to STRC by moving from monthly payments to twice-a-month payments.

🔎 Where to buy tokenized shares?

The goal is also to keep STRC around $100, its face value and the level at which the product was designed. This facilitates new issuances and allows Strategy to use STRC as a regular source of funding for its Bitcoin strategy.

With daily accrual, the dividend associated with each day becomes very small, which should further reduce the impact of each payment on the share price.

Digital Credit in service of the Bitcoin strategy

STRC, STRF, STRK, and STRD are part of the "Digital Credit" range developed by Strategy. Legally, these are perpetual preferred shares, not bonds backed by the Bitcoin held by the company.

The objective is to make these products sufficiently liquid and attractive to constitute a sustainable source of capital alongside MSTR stock and convertible debt.

👉 On the same topic – Michael Saylor attempts to reassure markets regarding the drop in Strategy stock

Ultimately, Strategy is betting that increased demand will facilitate new preferred share issuances. These issuances will then be able to provide Strategy with additional capital to fund, in particular, its Bitcoin purchases.

Sources: Strategy, Michael Saylor on X