Strategy’s STRC nears $100 level that could reopen a Bitcoin funding channel
Summary
Strategy shareholders approved daily dividend accruals for four preferred securities, with 99.3% of votes cast supporting the change. STRC closed at $99.92, just below its $100 stated value; Strategy’s policy bars new issuance below that level. A sustained recovery to $100 could let the company resume STRC sales to fund Bitcoin purchases, but it has not announced a restart. Strategy has spent about $2 billion repurchasing STRC since July and had $957 million remaining in its repurchase authorization as of Oct. 25. The amendment changes payment frequency, not annual dividend rates. STRC’s first daily dividend record date is Nov. 1, with payment scheduled for Nov. 2, subject to the terms taking effect.
