Michael Saylor’s Strategy Files Proxy To Pay STRC Dividends Twice Per Month

Strategy, the bitcoin treasury company led by Executive Chairman Michael Saylor, has filed a proxy that would let it pay dividends on its STRC “Stretch” series of preferred stock twice per month instead of monthly.

“Strategy proposes semi-monthly dividends on its popular STRC preferred stock "[The] proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand," said Executive Chairman Michael Saylor”

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CoinDesk reports that the proposed changes are intended to “[the] proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand,” according to Saylor.

@coindesk

The move, CoinDesk says, would “have no effect on STRC's annual dividend obligations or dividend rate (currently 11.5%),” while still changing the payment cadence.

If the amendment is approved, CoinDesk says “the first semi-monthly payment would be July 15.”

The filing also points to the stock’s popularity, with CoinDesk citing a presentation that “outstanding notional value [has] rising to $6.4 billion as of this afternoon's filing.”

CoinDesk adds that volatility has already fallen, stating “Volatility has dropped to just 2.1% over the past two months versus 13% in the first eight months after the series' launch.”

Voting on the amendment will close on June 8, CoinDesk reports, setting a near-term decision point for investors weighing the dividend schedule change.

CoinDesk links the timing of Strategy’s filing and the stock’s movement to a broader market shift driven by developments tied to Iran and the Strait of Hormuz.

CoinDesk says “MSTR shares rose 11.8% on Friday alongside bitcoin's” move, and it connects that move to “More For You Oil prices slumped as Trump said Iran committed to open the Strait of Hormuz and the U.S. plans to acquire that country's enriched uranium as part of a deal.”

CoinDesk

In the same report, CoinDesk describes bitcoin’s reaction as “Bitcoin jumped to a two-month high near $78,000,” framing it as a response to “signs of progress toward ending the Iran war and keeping the Strait of Hormuz open.”

CoinDesk also reports that “Digital asset treasury firms rallied sharply with gains of up to 20%,” and it says “Broader markets joined the risk-on move as oil prices slumped.”

The report’s “What to know” section ties the risk-on environment to both the geopolitical development and the market’s willingness to buy into crypto-linked equities.

While Strategy’s dividend proposal is a company-specific corporate action, CoinDesk places it in a context where investor appetite for bitcoin and related treasury exposure is rising.

Taken together, CoinDesk’s numbers—11.8% for MSTR shares, “up to 20%” for digital asset treasury firms, and bitcoin near “$78,000”—create a snapshot of a market that appears receptive to changes in capital-return mechanics.

The proxy vote timeline, with “Voting on the amendment will close on June 8,” therefore arrives as investors are already reacting to macro and crypto catalysts.

In a separate finance-focused development, CryptoRank reports that Mizuho is assessing X Money as a potential rival to PayPal, while warning that proposed U.S. crypto regulation could obstruct parts of the plan.

“Mizuho: X Money Could Rival PayPal but Faces CLARITY Act Obstacles Share: - Mizuho: X Money is being built as an 'everything app' payments platform (P2P payments, digital wallets, commerce) that could rival PayPal; X also rolled out Cashtags to let users track stocks and crypto in‑app”

CryptoRank

CryptoRank says Mizuho views X Money as being built as an “everything app” payments platform that combines “P2P payments, digital wallets, commerce,” and it notes that X has also “rolled out Cashtags to let users track stocks and crypto in‑app.”

The report states that Mizuho downgraded PayPal to “neutral,” citing “increased competitive pressure from X Money on payments and digital wallet adoption.”

CryptoRank frames the core competitive thesis as head-to-head potential, stating that “Analysts from the Japanese investment bank Mizuho suggest that X Money (the upcoming payments platform from X) has the potential to shake up US payments and go head‑to‑head with PayPal.”

At the same time, CryptoRank highlights a regulatory risk, saying “Mizuho warns the proposed CLARITY Act could block X Money's crypto features and yield/DeFi-style products.”

The report adds that Mizuho’s analysts see the CLARITY Act as a potential source of “regulatory headwinds for token services and product rollout.”

CryptoRank also ties the product vision to Musk’s broader “everything app” concept, stating “The analysts say X Money is meant to be the financial engine of Musk’s “everything app”, combining P2P payments, digital wallets, and commerce with social features.”

Unlike the Strategy proxy vote, which is a specific corporate amendment with a defined “July 15” payment date, CryptoRank’s story centers on whether regulatory constraints will allow X Money’s crypto and yield features to launch as planned.

CryptoRank’s account of Mizuho’s view makes regulation a central variable in the competitive outlook for X Money, especially around crypto features and yield-style products.

The report says “Key crypto risk: Mizuho warns the proposed CLARITY Act could block X Money's crypto features and yield/DeFi-style products,” and it connects that risk to “creating regulatory headwinds for token services and product rollout.”

@coindesk

It also states that “Analysts at Mizuho warn that the CLARITY Act could get in the way of X Money’s plans,” emphasizing that the obstacle is not just market competition but the legal framework governing token services.

In the same narrative, CryptoRank describes X Money’s intended product architecture as an “everything app” combining “P2P payments, digital wallets, and commerce with social features,” which would be difficult to execute if crypto and yield components are constrained.

CryptoRank further notes that X rolled out “Cashtags to let users track stocks and crypto in‑app,” suggesting that at least some crypto-adjacent functionality is already being integrated into the app experience.

Mizuho’s downgrade of PayPal to “neutral” is therefore portrayed as a reflection of competitive pressure from X Money’s payments and wallet adoption, but the CLARITY Act risk could limit how far that competition extends into crypto-linked services.

The report’s framing implies that investors may need to separate the payments platform thesis from the regulatory feasibility of crypto and yield features.

In contrast, CoinDesk’s Strategy story presents a different kind of uncertainty: not regulation, but whether shareholders approve the proxy amendment that would shift dividends to semi-monthly payments.

CoinDesk reports that “Voting on the amendment will close on June 8,” and it sets “July 15” as the expected first payment date if approved.

Together, the two stories show how finance outcomes can hinge on different gating factors—shareholder approval for Strategy’s dividend schedule and regulatory permission for X Money’s crypto capabilities.

For Strategy, the next concrete milestone is the proxy vote and the first semi-monthly dividend payment date that CoinDesk says would be “July 15.”

“Strategy proposes semi-monthly dividends on its popular STRC preferred stock "[The] proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand," said Executive Chairman Michael Saylor”

CoinDesk

CoinDesk reports that the company’s filing would “allow for semi-monthly dividends on its STRC

CoinDesk

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