Strategy seeks approval for daily dividends on bitcoin-linked preferred stock
Strategy is seeking shareholder approval to pay dividends daily on four preferred stock series, including weekends and holidays. The vote is set for October 28, and the company argues the change would cut reinvestment delays and improve liquidity and price stability. Strategy, the largest corporate bitcoin holder, recently purchased 950 BTC for $75.7 million and may sell up to $1.25 billion in bitcoin for reserves, dividends, or buybacks.
Strategy, once a software firm and now a major bitcoin treasury company, wants holders of four preferred series—STRF, STRC, STRK, and STRD—to receive payouts every calendar day, not just trading days. The proposal still requires investor consent at an October 28 meeting.
The company says more frequent payments could shorten reinvestment delays and support liquidity and price stability. Strategy remains the largest corporate bitcoin holder; it recently acquired 950 BTC for $75.7 million and may sell as much as $1.25 billion in bitcoin for reserves, dividends, or buybacks.
If adopted, daily dividends may affect preferred shareholders by accelerating cash receipt and potentially changing reinvestment behavior. Broader market participants could see altered liquidity patterns in these instruments. Because Strategy is a large bitcoin holder, its treasury moves and possible bitcoin sales may draw attention from crypto investors and observers, though effects on society beyond financial markets would likely remain indirect and uncertain.