Strategy unveils semi-monthly STRC dividends as stock slips

Strategy has approved a plan to pay STRC dividends twice a month, introducing a new payout schedule while the preferred stock continues to trade below its $100 par value.

Based on preliminary voting results from the company’s 2026 Annual Meeting of Stockholders, Strategy said shareholders approved Proposal 5, which changes STRC dividend payments from a monthly schedule to semi-monthly distributions. The proposal received support from both MSTR and STRC stockholders.

Under the revised structure, dividend payments will be made on the 15th and the final day of each month. The first record date is scheduled for June 30, 2026, while the first payment under the new schedule will be distributed on July 15.

Commenting on the change, Strategy chief executive Phong Le said the company believes more frequent dividend payments could help improve liquidity and provide holders with faster opportunities to reinvest their returns. 

At the time of writing, STRC was trading around $96.65, according to Yahoo Finance data, remaining below its $100 par value. The preferred stock currently carries an annual dividend rate of 11.50%.

Strategy expands cash reserves alongside dividend changes

Alongside the dividend update, Strategy has resumed adding to its Bitcoin holdings after briefly interrupting its accumulation strategy.

As previously reported by crypto.news, the company acquired 1,550 BTC for approximately $101.3 million between June 1 and June 7, paying an average of $65,332 per coin. The purchase increased Strategy’s total Bitcoin holdings to 845,256 BTC.

Regulatory filings also showed that the company increased its U.S. dollar reserve by $100 million, bringing the total reserve to $1 billion.

The latest purchase followed Strategy’s sale of 32 BTC near the end of May for roughly $2.5 million. The transaction represented the company’s first reported Bitcoin sale since December 2022 and drew attention from investors because Strategy has long built its reputation around holding Bitcoin rather than selling it.

As reported by crypto.news earlier, JPMorgan said the sale appeared to be symbolic and voluntary, likely intended to demonstrate flexibility and commitment to preferred stockholders. Even so, the bank argued that the transaction raised questions about how future dividend obligations could be funded without relying on Bitcoin holdings.

JPMorgan also noted that replenishing reserves could help ease concerns that additional Bitcoin sales may eventually be required to support preferred stock dividends and debt-related obligations.

Some market participants see limited pressure to sell Bitcoin

Not all market participants share JPMorgan’s concerns. BTCTOP CEO Jiang Zhuoer argued that major Bitcoin sales would undermine Strategy’s identity as a long-term holder and could cause more damage than maintaining exposure during downturns.

Jiang added that even if Bitcoin fell to $30,000, Strategy’s leverage ratio would remain manageable at around 10%. He also said the company could sell older, lower-cost Bitcoin to cover STRC obligations while using proceeds from new issuances to continue buying Bitcoin.