Bitcoin Giant Strategy Plans STRC Daily Dividends Starting in November

Michael Saylor’s bitcoin treasury company Strategy has announced plans to begin paying daily cash dividends on its STRC preferred shares starting Nov. 2, pending shareholder approval of changes to its dividend structure. The company also intends to maintain STRC’s 12% annual dividend rate as it seeks to keep the stock trading near $100 per share. Strategy Inc. (Nasdaq: MSTR) disclosed the plans in an Oct. 16 filing with the Securities and Exchange Commission (SEC), detailing a proposed payment schedule that would distribute $1 per STRC share during November through dividends associated with each calendar day. Under the proposed arrangement, shareholders would receive daily dividends of either $0.03 or $0.04 per share, with payments made on the business day following each record date.

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