Strategy’s daily dividend proposal puts Bitcoin funding back in investors’ hands
Strategy proposed paying dividends daily on four preferred shares used in its Bitcoin financing strategy: STRF, STRC, STRK and STRD. Dividends would accrue daily, including weekends and holidays, and be paid the next business day. The proposal does not change annual rates or replace currently declared payment dates, and Strategy has not specified an effective date or required approvals. The shares differ in prices and dividend terms; STRD dividends are noncumulative, while the other three are cumulative. More frequent payments could attract investors and support future preferred-share issuance, but that benefit is unproven. Strategy’s $5.04 billion reserve and recent share repurchases provide context for its funding needs. Evidence of impact would require amended terms, approvals, sustained investor demand and actual new issuance.
