strc

Strategy officially stated that the company has conditionally declared a daily dividend for its variable rate A series perpetual preferred stock STRC from November 1 to November 30, 2026, maintaining an annualized regular dividend rate of 12.00%.This arrangement depends on the approval of the daily dividend amendment by Strategy shareholders at the special shareholder meeting on October 28, and the completion and effectiveness of the relevant preferred stock terms revision. If conditions are met, STRC will use each calendar day as the dividend record date starting from November 1, including weekends and U.S. holidays; the corresponding dividend will be paid on the next business day after the applicable record date.This adjustment will change the cash flow rhythm of STRC. The product currently adopts a bi-monthly dividend mechanism, and future holders will receive more frequent, smaller dividend payments; Strategy emphasizes that the adjustment will not change the annualized dividend rate or the total annual dividend amount. If the amendment is not approved, STRC will continue to pay dividends according to the existing semi-monthly rhythm.According to the proposed terms, the 12% rate will cover the entire month of November; thereafter, STRC's applicable dividend rate will be determined monthly, and the company must announce the next month's rate by the 15th of the previous month.

According to The Block, research institution K33 believes that although Strategy's financing through preferred stock STRC has helped it acquire nearly 100,000 bitcoins in the first half of 2026, the ongoing dividend costs may offset the gains. K33 estimates that STRC increases Strategy's annual dividend obligations by approximately $725 million, which is equivalent to about 8,740 BTC at a price of $83,000 per bitcoin.If we exclude the approximately $7.5 billion raised through STRC in the first half of the year and redirect the dollar reserves, STRC buybacks, and most dividend expenditures towards purchasing bitcoins, Strategy's holdings would only be about 4,947 BTC more than this hypothetical scenario; based on the aforementioned annualized costs, it would take about seven months to offset this difference. K33 believes that the preferred stock financing model "is a mistake" and prefers that it raises funds through common stock ATM and other methods.

After completing a large STRC preferred stock buyback in September, Chairman Michael Saylor revealed that the company "still has room" to purchase more Bitcoin.Independent analysts believe this move is aimed at optimizing the balance sheet to support future Bitcoin procurement plans with subsequent capital reserves.

Bitcoin Treasuries posted on platform X that the tokenized stock Stretch (STRCx) under Strategy has a circulating market value of 158 million dollars, making it the largest tokenized stock in the world, surpassing the tokenized equity of SpaceX under Elon Musk.

Michael Saylor, the founder of Bitcoin Treasury Company Strategy, posted on the X platform stating that Bitcoin can serve different types of investors. BTC provides direct ownership, MSTR offers leveraged Bitcoin exposure, while STRC provides income opportunities, and its 30-day price volatility is lower than all "Seven Giants" stocks.Michael Saylor added that digital capital is the foundation of digital equity and digital credit.

Bitcoin Treasuries posted on platform X that Strive's SATA Bitcoin accumulation has been initiated, and sufficient funds have been raised to purchase over 1,270 Bitcoins this week. STRC is approaching a face value of 100 USD.

Founder of Strategy, Michael Saylor, stated in a post that Bitcoin is digital capital, MSTR is digital equity, and STRC is digital credit.The company's corporate strategy is to create two complementary products from Bitcoin capital: MSTR provides leveraged Bitcoin exposure and holds ownership of a growing digital credit business; STRC aims to reduce volatility, compress duration, and provide dollar returns. Creating digital credit requires active management of the entire balance sheet, including Bitcoin, dollars, debt, preferred stock, and common stock, involving multiple decisions regarding capital, liquidity, priority, dividend rates, payment frequency, and investor terms.The company's goal is to create the highest quality digital credit products: supported by financial resilience, disciplined capital allocation, and a more stable investor experience to provide attractive dollar returns. Dividends are visible outputs, but the quality of the underlying system is the core work.The company engineers products by managing capital, debt, and liquidity. Investors seeking Bitcoin price exposure can directly hold BTC or spot Bitcoin funds; meanwhile, MSTR investors buy equity in a company that simultaneously seeks Bitcoin leveraged exposure and digital credit business growth, accepting amplified volatility and downside risk. STRC investors pursue a different experience: dollar returns, reduced price volatility, and shorter duration characteristics, relying on the company's capital strength, priority debt position, dollar liquidity, and active management to achieve this.The two are interconnected—capital structure directs more volatility and return potential of Bitcoin towards common stock, thereby providing credit investors with more stable income claims. The company manages the balance sheet uniformly, creating leveraged exposure for equity investors and dampened exposure for credit investors, both relying on the company's strength and execution quality.To achieve this goal, Strategy continuously manages various levels of the capital structure, including issuing and repurchasing STRC, distinguishing between payment reserves and allocated cash, adjusting dividend rates, optimizing security terms, and seeking shorter durations and longer payment runways.The company emphasizes that digital credit is a discipline that requires continuous practice: stripping volatility, compressing duration, and extracting returns from Bitcoin capital. Bitcoin itself does not pay interest, and Strategy pays dividends through security terms. The ultimate goal is to build stronger digital credit and create greater long-term value for MSTR shareholders, reinforcing the quality of capital and equity value.

Strategy announced that the special shareholders' meeting is scheduled to be held online on October 28 at 10:00 AM (Eastern Time), with the record date for stock ownership set for September 25, where common stock shareholders will vote.Previously, Strategy indicated that it plans to change the dividends for STRF, STRC, STRK, and STRD to be accrued daily, and related matters will be voted on at this shareholders' meeting.

Founder of Strategy Michael Saylor posted that Strategy plans to adjust the dividend mechanism for STRF, STRC, STRK, and STRD, intending to accrue dividends daily, including weekends and holidays, and pay them on the next business day.Saylor stated that this proposed adjustment will not change the economic terms of the relevant securities, and the main goal is to enhance price stability, liquidity, and market demand.

Michael Saylor posted on the X platform stating that under the assumptions of a 10% annual return on Bitcoin, a 40% volatility of Bitcoin, and a Bitcoin price of $81,200, the duration of the dollar is 3.8 years, and the Bitcoin credit spread of STRC is 53 basis points.

BitcoinTreasuries.NET posted on platform X that pre-market trading has begun, and Strive's SATA has launched a Bitcoin accumulation plan.SATA has raised enough funds this week to purchase over 300 Bitcoins, with STRC maintaining above $97.5.

Strategy is leveraging large-scale buybacks to push the price of perpetual preferred stock STRC back to around the $100 par value, in order to restore its Bitcoin financing capability. From July 20 to September 13, Strategy repurchased a total of 9.96 million shares of STRC, costing approximately $950 million, accounting for about 18% of the trading volume during the same period.Of this, approximately $765 million can be traced back to the sale of MSTR common stock, while about $161 million came from Bitcoin reductions. STRC had previously fallen to around $70 but has recently risen to about $99. Analysts believe that only when the price of STRC approaches or exceeds the $100 par value can Strategy effectively reissue the security and use the raised funds to purchase Bitcoin. However, after Strategy reduced its buybacks, whether STRC can continue to stay near the par value remains uncertain.

According to market news, Twenty One Capital CEO Raphael Zagury stated that the company is considering issuing preferred shares similar to STRC to increase its holdings in Bitcoin.

According to Arkham monitoring, Strategy's Bitcoin holdings currently have an unrealized profit of 2.2 billion dollars. Strategy did not purchase Bitcoin last week and currently holds 65.94 billion dollars in Bitcoin, totaling 845,050 BTC, with an average purchase price of 75,412 dollars, which is 3.5% higher than the current price of BTC.Last week, it repurchased 139.3 million dollars in STRC and holds 5.1 billion dollars in reserves.

BitcoinTreasuries.NET posted on platform X that OranjeBTC CEO Gui Gomes will ring the opening bell at Brazil's largest stock exchange B3 tomorrow, and DIGY11 will start trading on that day.Michael Saylor stated that this is exactly the type of expansion that STRC aims to promote.

According to Bitcoin Magazine, the Bitcoin fintech company Castle announced that it will open its automated Bitcoin financial stack to individual users and launch a pioneering feature in this category: users can choose to receive dividend income in cash or Bitcoin at any ratio.Castle's revenue comes from the perpetual preferred stock STRC issued by Strategy, which was incorporated into the platform earlier this year and currently pays an annualized dividend of 12% on a semi-monthly basis. Users can receive 100% of the dividends in cash, convert 100% to Bitcoin, or choose any ratio between the two. According to the company, most users opt for a compromise solution, using cash to cover daily expenses while automatically reinvesting the remaining portion into Bitcoin with each dividend payout.Castle co-founder and CTO João Almeida stated that investors have long faced a dilemma of choosing between stable income and holding Bitcoin. Castle allows users to achieve both cash flow and long-term upside by automatically converting a portion of the dividends into Bitcoin. Previously, Castle only catered to business clients such as restaurants, gyms, accounting firms, and e-commerce; the opening of personal accounts was due to repeated requests from business owners. Castle was co-founded by Almeida and CEO Stephen Cole and has received investments from Boost VC and Winklevoss Capital.

According to official news, Strategy did not increase its Bitcoin holdings last week. Strategy has repurchased $176 million of STRC and has increased the scale of its digital credit securities repurchase program from $1 billion to $2 billion.As of September 7, 2026, Strategy holds 845,050 BTC and approximately $6.5 billion in dollar assets.

Bitfinex Securities is a tokenized investment platform under the cryptocurrency exchange Bitfinex, which has launched 5 types of tokenized notes, providing economic exposure to Bitcoin reserve companies such as Strategy, Metaplanet, H100 Group, and Capital B for eligible investors. The platform has also launched the Strategy floating rate perpetual preferred stock STRC.The aforementioned notes are issued through the Luxembourg ORO (II) Fund, managed by SICOS Securities, with the underlying securities held in custody by regulated financial institutions, but do not grant investors direct ownership of shares in the corresponding companies. Products can be invested in fractions starting from about $1 and support trading in USD, USDT, and Bitcoin, available only to eligible non-U.S. investors. Bitfinex Securities stated that this is the first time related products have been traded in the secondary market on a regulated tokenized securities exchange. After completing a $50 million tokenized financing for the metal company Alkemya in August this year, the platform has listed assets exceeding $500 million.

Bitcoin holding company Strategy has spent a total of $635.2 million to repurchase its STRC perpetual preferred shares, with the latest transaction amounting to $151.8 million at an average price of $97.48. Despite the ongoing expansion of the repurchase scale, STRC is currently priced at $97.34, below its par value of $100. The company's previously launched $1 billion repurchase authorization has pushed STRC from a low of about $71 to around $97.Part of the pressure on STRC comes from competition with Strive's ASST perpetual preferred shares. ASST offers a 13% annual dividend paid daily, while STRC has a dividend yield of 12%, paid bi-monthly. ASST has maintained a price close to its par value of $100 for over a week, allowing Strive to issue additional shares through at-the-market (ATM) offerings, with the proceeds used to purchase 1,800 bitcoins over the past week.The performance of the common stocks of both companies has also diverged, with ASST rising 60% this year, while MSTR has fallen 15%. Additionally, Strategy purchased bitcoin for the first time in two months, buying 4,603 bitcoins last week at an average price of about $80,000, increasing its total holdings to 845,050 bitcoins (approximately $65.9 billion).