dividend

According to official news, Strategy proposed to change the dividend distribution frequency of STRC from monthly to bi-monthly. The company stated that if the amendment is approved and implemented, it may reduce reinvestment delays, enhance liquidity, market efficiency, and price stability.This amendment requires approval from both MSTR and STRC shareholders to pass. Strategy stated that shareholders can vote through their brokerage accounts or contact their proxy solicitation firm, Alliance Advisors, for related inquiries.

Strategy founder Michael Saylor confirmed that the dividend yield of the perpetual preferred stock STRC will remain at 11.50% unchanged in June 2026.

According to Cointelegraph, Arca Chief Investment Officer Jeff Dorman stated that Strategy's current approximately $15 billion preferred stock financing structure has become "unmanageable." He pointed out that these preferred stocks require about $1.5 billion in dividends each year, and with the ongoing volatility in Bitcoin prices, this structure is becoming increasingly difficult to maintain.Strategy's financing model is based on the premise that "BTC will continue to rise significantly." Although the company previously alleviated short-term default risks by issuing additional shares, its decision to repurchase bonds maturing in 2029 is perplexing. He indicated that Strategy may ultimately have only two options: sell BTC to pay preferred stock dividends or stop paying dividends, both of which would have significant impacts on the company and investors.Meanwhile, Strategy CEO Phong Le stated in an interview with CNBC that the company "may sell Bitcoin" at some point in the future, but overall will continue to increase its BTC holdings and enhance the amount of BTC corresponding to each share.Polymarket data shows that the market now estimates the probability of Strategy selling some BTC by the end of 2026 has risen to about 90%. As of now, Strategy holds a total of 843,738 BTC, with a total cost of approximately $63.87 billion and an average purchase price of about $75,700.

According to CoinDesk, Strategy perpetual preferred stock STRC (Stretch) fell to a low of $97.11 on Thursday, then rebounded to $98.57, failing to maintain the par value of $100. The pressure on STRC mainly comes from Bitcoin's drop to around $73,000, compounded by the effects of the ex-dividend date.Recently, Strategy spent $1.5 billion to repurchase zero-coupon convertible bonds maturing in 2029, causing cash reserves to plummet from about $2.25 billion to $871 million. Based on an annual preferred stock dividend obligation of about $1.7 billion, the current cash can only cover about 6 months, far below the previously set target of 24 months. Executive Chairman Michael Saylor stated that the company will raise funds by selling Bitcoin, issuing additional shares when MSTR's stock price exceeds 1.22 times NAV, or continuing to issue STRC.Meanwhile, competitor Strive Asset Management's perpetual preferred stock SATA continues to anchor at a par value of $100, offering about a 13% dividend yield, and plans to launch a daily dividend mechanism, having completely eliminated debt. Over the past three months, Strive's stock price has increased by about 110%, significantly outperforming MSTR's 12% increase and Bitcoin's 8% increase.

Bitget announced the launch of a licensed financial protocol called Reality, focused on the tokenization of real-world assets (RWA). The issued tokenized stocks (rTokens) are strictly pegged 1:1 to the underlying U.S. stocks, with assets held by a FINRA-registered, SIPC-protected U.S. brokerage, and real-time reserve proof provided through third-party independent audits. By directly accessing liquidity pools of U.S. stocks such as Nasdaq and NYSE, Reality's stock tokens can achieve liquidity on par with traditional brokers; at the same time, stock dividends will be distributed to user accounts in token form 1:1, while cash dividends will be automatically converted and issued as USDT. Stock splits and mergers will also be reflected in real-time on-chain tokens, closely aligning with the experience of holding U.S. stocks.In addition, the U.S. stock tokens launched by Reality are deeply integrated into the Bitget ecosystem, serving as margin for unified accounts and compatible with core product lines such as grid trading, signal following systems, and staking and lending.Bitget CEO Gracy Chen previously proposed the "10% vision": currently, tokenized stocks account for only 0.1% of the $125 trillion global stock market, and she predicts that this proportion will rise to nearly 10% by 2030. Reality is built on this trend, initially focusing on U.S. stocks, with plans to expand asset classes in the future, promoting Bitget's UEX strategy to extend to a broader global financial asset access layer.

According to CoinDesk, Bitcoin treasury company Strive announced that its perpetual preferred stock SATA will pay cash dividends on each trading day starting from June 16, becoming the first listed security in the history of the U.S. capital markets to achieve daily dividend payments.Strive CEO Matthew Cole described this move as "an innovation from zero to one." The annualized dividend yield of SATA is 13%, and after converting to daily payments, the effective annualized yield increases to approximately 13.88%. Currently, Strive has zero debt and holds 15,009 bitcoins, ranking ninth in global listed companies' bitcoin reserves.

DTCC (Depository Trust & Clearing Corporation) CEO Frank La Salla stated that the company is collaborating with multiple high-performance Layer 1 blockchains to explore migrating complex corporate actions such as dividend payments and tender offers to on-chain processing.La Salla mentioned at the Consensus 2026 conference that most blockchains still lack efficiency in handling corporate actions, while DTCC needs to process millions of dividend payments daily, thus requiring support from Layer 1 networks with high throughput and stability. DTCC is one of the core infrastructures of the U.S. capital markets, handling approximately $20 trillion in U.S. Treasury and securities transactions daily. The organization plans to launch a tokenized securities platform test in July this year, aiming for a broader rollout in October.La Salla believes that "tokenized collateral" could become the first large-scale institutional application scenario for blockchain. In the future, Asian institutions could even access dollar liquidity in real-time through on-chain collateral during New York's Sunday hours. However, he also warned that blockchain still faces issues such as scalability, liquidity fragmentation, and risk management, especially the efficiency of "net settlement" in traditional financial systems, which remains difficult to replicate in a decentralized environment.

According to BBX data, yesterday (May 5) marked the dual arrival of the earnings season for cryptocurrency concept stocks and a wave of industry layoffs. The core dynamics are as follows:Strategy, Inc. (NASDAQ: $MSTR) released its Q1 2026 earnings report after the market on May 5 (official press release): net loss of $12.54 billion (per share -$38.25), primarily driven by an unrealized loss of $14.46 billion on Bitcoin holdings------the price of Bitcoin fell from about $87,000 to about $68,000 during Q1; revenue of $124.3 million (up 11.9% year-on-year), slightly exceeding consensus expectations of $123.2 million. As of May 3, the company held a total of 818,334 BTC, with an average price of $75,537 and a total cost of $61.81 billion; approximately 89,600 BTC were added in Q1 (costing about $5.5 billion), marking the second-largest single-quarter purchase in the company's history. The company's annualized return (BTC Yield) for Q1 continued to improve compared to the beginning of the year, with specific values to be disclosed in the official earnings report. Notably, the company mentioned for the first time in its risk disclosures that it may sell Bitcoin to fulfill its annual dividend obligation of about $1.5 billion, with current reserves covering only about 18 months of dividend expenses; management referred to the STRC preferred stock financing as a "great success," raising approximately $5.58 billion through STRC in Q1.Coinbase Global, Inc. (NASDAQ: $COIN) CEO Brian Armstrong announced on May 5 via the X platform and an official memo that the company will lay off about 700 employees (about 14% of the global workforce), citing the downturn in the cryptocurrency market and AI accelerating the reshaping of the company's operational model. Armstrong stated that AI has enabled the engineering team to complete in days what previously took weeks. The company will compress management levels to a maximum of five layers below the CEO/COO and replace traditional functional departments with "AI-native pods," where each manager must directly oversee at least 15 subordinates while maintaining a personal contributor role; affected employees in the U.S. will receive at least 16 weeks of base salary plus an additional two weeks of severance for each year of service. The company's Q1 2026 earnings report will be released tomorrow (May 7) after the market closes, with current analyst consensus expecting revenue of about $1.5 billion and EPS of approximately $0.23---$0.36.

According to Cointelegraph, Strategy proposed to change its STRC dividend payment frequency from once a month to once every two weeks, and shareholders can now vote on this amendment.

Strive CEO ColeMacro responded to the Grayscale report, stating that the report indicates the long-term ability of the Strategy to pay STRC dividends depends on the rise in Bitcoin prices.ColeMacro mentioned that there is a huge demand for digital credit because it offers double-digit returns, low volatility, and is easy for credit risk investors to understand and favor. He also pointed out that the report failed to discuss volatility and has shortcomings in credit analysis.

According to The Block, Strategy proposed to update its STRC preferred stock dividend payment plan from once a month to twice a month.According to the statement, Strategy will hold its annual shareholder meeting on June 8, at which time the voting on the Stretch update proposal will conclude. If approved, the first record date for the new semi-monthly payment plan will be June 30, with the first payment expected to be made on July 15.The company stated that this change could "reduce reinvestment lag, improve liquidity, enhance market efficiency, and strengthen price stability."

According to GlobeNewswire, Nasdaq-listed Bitcoin treasury company Strive announced an increase in the dividend rate of its variable rate Series A perpetual preferred stock (SATA) by 25 basis points to 13%, effective from the interest period starting April 15, 2026, and thereafter.In addition, Strive will distribute a dividend of $1.0833 per share to shareholders registered as of May 1, 2026, on May 15, 2026.Strive disclosed that it has additionally purchased approximately 27 Bitcoins, bringing its total holdings to about 13,768. Under the assumption of a SATA yield of 13% and an average Bitcoin purchase price of $74,750, its current asset-liability structure can support the related dividend payments for approximately 19.6 years.

Strategy co-founder Michael Saylor posted on the X platform stating that the annualized breakeven yield on the company's Bitcoin holdings is approximately 2.05%. If the long-term growth rate of Bitcoin exceeds this level, Strategy can indefinitely pay dividends without issuing additional MSTR shares, and relevant data can be tracked in real-time on the official website.