Strategy Proposes Semi-Monthly STRC Dividends After June 8 Shareholder Vote

Strategy has proposed shifting the dividend payment schedule on its perpetual preferred equity, Stretch (STRC), from monthly to semi-monthly, aiming to reduce volatility, enable consistent bitcoin buying, and create the only bi-monthly paying preferred shares in the market.

“Why Michael Saylor's Strategy decided to make STRC's dividend bi-monthly Strategy aim to reduce volatility, enable consistent bitcoin buying, and create the only bi-monthly paying preferred shares in the market”

@coindesk

CoinDesk says the amendment, outlined in Strategy’s investor presentation, would keep the 11.5% annualized dividend rate and total annual obligations unchanged, which it describes as “currently $1.2 billion.”

@coindesk

Under the plan, holders would receive payouts roughly every two weeks instead of once a month, with the first semi-monthly payment expected on July 15 following the June 8 shareholder vote.

CoinDesk adds that STRC currently sees an average $0.45 price drawdown after the ex-dividend date, with recovery to its $100 par value taking around two weeks.

It also states that when STRC trades below its $100 par value, Strategy cannot issue shares through its at-the-market (ATM) program to raise funds for bitcoin purchases.

CoinGape frames the same proposal as a move to pay “twice a month rather than monthly,” while saying the change “will not affect the total annual payout and yield.”

Analytics Insight likewise describes the proposal as a change that would let STRC pay dividends twice a month instead of once, keeping the annual dividend rate at 11.5% and shifting timing rather than the rate itself.

Multiple outlets describe a detailed regulatory and shareholder timeline for the STRC dividend change, with filings and voting dates that begin in April and culminate in June.

CoinDesk says the first semi-monthly payment is expected on July 15, “following the June 8 shareholder vote,” and it ties the schedule to Nasdaq rules requiring “at least 10 calendar days between dividend declaration and the record date.”

Analytics Insight

CoinGape reports that “On April 17, a preliminary proxy was filed,” and that “A final proxy will be submitted on April 28 when voting will also commence,” with “shareholders’ voting is planned to wrap up by June 8.”

Analytics Insight similarly states that Strategy filed a preliminary proxy with the SEC on “April 17, 2026,” that it expects a definitive proxy on “April 28,” and that voting would close on “June 8.”

It further says that if shareholders approve the amendment, “the semi-monthly schedule would start on June 30,” and that “The first payment under that calendar would arrive on July 15.”

Live Bitcoin News echoes the same sequence, stating “A preliminary proxy was filed with regulators on April 17,” that “A final filing is expected by April 28,” and that “Voting is scheduled to close on June 8,” before adding that the new dividend structure would begin on “June 30” with the first semi-monthly payment expected on “July 15.”

Across the coverage, the core mechanics remain consistent: the annual dividend rate stays at 11.5% while the company seeks to split the same annual payout into smaller, more frequent payments.

Strategy’s stated rationale for the STRC dividend change centers on stabilizing price and improving liquidity by smoothing the ex-dividend pattern that CoinDesk describes.

“Why Michael Saylor's Strategy decided to make STRC's dividend bi-monthly Strategy aim to reduce volatility, enable consistent bitcoin buying, and create the only bi-monthly paying preferred shares in the market”

CoinDesk

CoinDesk says semi-monthly payouts are expected to reduce the typical post-ex-dividend price drop, lower volatility, and help keep STRC trading closer to its $100 par value.

It also states that the company’s presentation links the shift to the “typical twice-monthly U.S. payroll cycle,” describing that it creates “more entry and exit opportunities for shareholders” and aims at lowering volatility.

CoinDesk further claims that STRC’s historical volatility averaged 13% from August 2025 to March 2026, but dropped to just 2% between March and April 2026, “according to Strategy’s data.”

Live Bitcoin News frames the same idea as reducing “reinvestment lag,” saying the adjustment “shortens the gap between payout and reinvestment,” and it quotes Michael Saylor’s framing that “These proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand.”

Cryptopolitan similarly says the change is intended to reduce the “dead time between dividends,” stabilize stock prices, and attract more investors, while emphasizing that the annual payout rate remains 11.5%.

CoinDesk also connects the dividend timing to Strategy’s bitcoin buying and capital raising, stating that when STRC trades below $100, Strategy cannot issue shares through its at-the-market (ATM) program to raise funds for bitcoin purchases.

While Strategy’s proposal is framed as a way to stabilize STRC and improve liquidity, CoinGape and Analytics Insight highlight sharp criticism from Peter Schiff, who has attacked the STRC structure and warned about potential legal consequences.

CoinGape says Schiff “vehemently criticized the STRC structure,” and it quotes him saying the framework of STRC was “so misleading [as] to constitute fraud.”

CoinGape

CoinGape also quotes Schiff warning, “Get ready for the lawsuits when the dividends are cancelled and the stock craters.”

Analytics Insight repeats that Schiff renewed his criticism, stating that he called the stock’s structure “misleading enough to amount to fraud,” and it adds that Schiff warned that “dividend cuts or a sharp price drop could trigger lawsuits.”

CoinGape further says Schiff argued that “It’s just a sign of desperation,” and it quotes him describing Strategy’s MSTR stock funding shift as “MSTR was initially able to fund its Bitcoin buying spree by selling shares at a premium.”

It continues with Schiff’s claim that “Now it’s forced to issue preferred shares with an 11.5% yield,” and it adds his reasoning that “Since MSTR has no earnings, this obligation can only be satisfied by selling more preferreds, discounted common, or Bitcoin.”

CoinGape says “However, Saylor has not responded to any of Schiff’s recent comments.”

The proposal’s next steps and potential consequences are laid out through the voting schedule and through market context described by outlets covering STRC’s trading and volatility.

“Rizwan is an experienced Crypto journalist with almost half a decade of experience covering everything related to the growing crypto industry — from price analysis to blockchain disruption”

Coinpedia

CoinDesk says the shift would require approval and notes that STRC “recently fell below $99 following the April 15 ex-dividend date, a drop of more than $1,” which it frames as the volatility the company is aiming to reduce.

Coinpedia

CoinGape says the proposal comes as STRC “raised enough capital to buy billions in Bitcoin this week,” and it ties the timing to Strategy’s ongoing bitcoin purchases, including “the latest Strategy BTC purchase on Monday, April 13.”

Live Bitcoin News adds that “Outstanding notional value has climbed to about $6.4 billion,” and it says Strategy shares rose “11.8% on Friday,” while Bitcoin traded near “$77,400” after a “3% daily gain.”

Cryptopolitan reports that STRC trading volume peaked at “$1.1 billion on Monday,” and it says MSTR shares “jumped nearly 12%,” while also stating that STRC total value climbed to “$6.4 billion.”

Analytics Insight adds that over six months, Strategy’s stock has fallen “42% from a $279 peak,” and it says last year traders feared a deeper stock slide could force Bitcoin sales and hit the wider market.

Across these accounts, the immediate consequence is that STRC holders face a vote that closes on June 8, with the semi-monthly schedule starting June 30 and the first payment expected July 15 if approved.