Strategy proposes daily dividends to support STRC toward $100

Strategy has proposed paying dividends on STRC daily in an effort to move the preferred shares back toward the $100 level, according to CoinDesk. STRC has traded below $100 since May, even with a 12% dividend rate and approximately $1 billion in preferred-share buybacks. The proposal comes as the security remains below the price level Strategy is targeting. The supplied information does not specify when the proposed daily dividend payments would begin or how the change would be implemented. STRC’s performance remains tied to whether the revised dividend approach can improve demand and help narrow the gap from $100.