Crypto16 October, 20262 min read
Strategy Conditionally Declares STRC Daily Dividends For November Pending Shareholder Approval
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Strategy declares daily STRC dividends for November, contingent on shareholder approval and amendments. Total November payout set at $1 per STRC share, with daily payments starting November 2.
4 outlets told this the same way.
Strategy sets dividend terms
Strategy conditionally declared daily dividends on its STRC preferred stock for November, with the plan tied to shareholder approval and related amendments taking effect.
Strategy’s board declared cash dividends for each calendar day from Nov. 1 to Nov. 30, with payments beginning Nov. 2, according to a Form 8-K filing with the Securities and Exchange Commission.
Strategy said STRC’s annualized dividend rate would remain at 12% for November, and the company would keep recommending that rate until the stock demonstrates “sustained, healthy trading near $100 per share.”
Strategy reported STRC was down 0.2% on Friday at $99.32 as of 1:36 pm UTC, according to Yahoo Finance, while the preferred shares hovered below their $100 par value.
Vote date and payment window
DiarioBitcoin said Strategy conditions the daily STRC dividends on an October 28 vote, with the plan depending on shareholders approving the change and the company timely completing the required filing.
DiarioBitcoin described the proposal as totaling USD $1 per share, with STRC daily payments between November 2 and December 1 if the special meeting on October 28 approves the change and the filing takes effect.
Strategy’s statement also set a daily calendar for dividends, and DiarioBitcoin said shareholders would receive distributions every day of the calendar, including weekends and holidays, if the plan comes into effect.
TradingView said Strategy’s board declared cash dividends for each calendar day from Nov. 1 to Nov. 30, with payments beginning Nov. 2, creating a different described window than DiarioBitcoin’s November 2 to December 1 range.
Bitcoin holdings and market context
Strategy framed STRC as one of its main fundraising vehicles for Bitcoin (BTC) purchases, and TradingView said Strategy added 250 Bitcoin for $21.5 million last week, bringing its total holdings to 848,250 BTC.
TradingView reported that during the week ending Oct. 4, Strategy repurchased $176 million worth of STRC, spending more than six times as much on the buybacks as on its $28 million in Bitcoin purchases.
Cointelegraph said Strategy repurchased $176 million worth of STRC during the week ending Oct. 4 and that the company increased STRC’s annual dividend rate to 12% after Strategy unveiled a capital framework on June 29.
Cointelegraph also said STRC was down 0.2% on Friday at $99.32 as of 1:36 pm UTC, while Bitget reported Bitcoin rose 1.3% to nearly $82,000 as of Friday Asian morning hours.