Strategy conditionally declares daily dividends as STRC hovers below $100
Summary
Strategy declared daily cash dividends on its STRC preferred stock for November, subject to shareholder approval and amendments taking effect. The annualized rate will remain 12%, with management saying it will keep recommending that rate until STRC trades sustainably near its $100 par value. Strategy uses STRC to raise funds for Bitcoin purchases. The shares were at $99.32, down 0.2%. Separately, Strategy bought 250 BTC for $21.5 million, bringing holdings to 848,250 BTC, and repurchased $176 million of STRC during the week ending Oct. 4.
