Strategy is asking shareholders to approve daily dividends on four U.S.-listed preferred stocks, while keeping their dividend rates and total regular payment obligations unchanged.
Key Points:
- Strategy’s board approved the proposal on Sept. 24, with shareholders scheduled to vote at a virtual special meeting on Oct. 28.
- Each calendar day, including weekends and holidays, would become a dividend record date, with any declared payment due on the next business day.
- STRC would move first, followed by STRF, STRD and STRK in January.
Strategy Dividends
Strategy’s board approved amendments covering STRC, STRD, STRF and STRK on Sept. 24, according to an 8-K filed with the Securities and Exchange Commission. Under the proposal, every calendar day would serve as a record date, while declared dividends would be paid on the next business day.
STRC would begin with a Nov. 1 record date and a Nov. 2 payment, assuming shareholders approve the amendments and the required Delaware filings become effective.
STRF, STRK and STRD would follow in January, with initial payments scheduled for Jan. 4 for holders of record on Jan. 1, Jan. 2 and Jan. 3.
Approval requires a majority of the voting power of Strategy’s outstanding common stock, while holders of the four preferred securities do not vote on the proposal. The company said the change would not alter dividend rates, total regular dividends payable or its overall dividend payment obligations.
“The proposed changes aim to support price stability, liquidity, and demand,” Strategy co-founder and Executive Chairman Michael Saylor said on X.
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Bitcoin Financing
The four securities form the core of Strategy’s “Digital Credit” platform, which the company uses to raise preferred equity alongside its Bitcoin (BTC) treasury strategy. Strategy said more frequent payments could improve trading efficiency and reinvestment timing, potentially making the preferred securities more useful to investors and supporting future capital raising.
The company has also argued that stronger demand for its preferred securities could improve its access to capital for additional Bitcoin purchases. In a separate statement, Strategy said, “Strengthening our preferred securities would create a competitive advantage for Strategy and increased demand could drive amplification and bitcoin per share.”
The proposal follows several changes to STRC during 2026. Shareholders approved a shift from monthly to semi-monthly dividends in June, when CEO Phong Le said the faster schedule was designed to stabilize price, improve liquidity and give holders a quicker reinvestment opportunity.
STRC, designed to trade around a $100 par value, fell below $75 in June before recovering to $98.31 at Thursday’s close. Strategy responded to that weakness with a $1 billion preferred-stock repurchase program, later doubling the authorization to $2 billion in September.
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