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Strategy shareholders approve daily dividends for STRC and three other preferred stocks
Summary
Strategy shareholders approved amendments letting its four preferred stocks, STRF, STRC, STRK and STRD, accrue dividends every calendar day, with 99.3% of votes cast in favor according to preliminary results shared by Executive Chairman Michael Saylor on Oct. 28, Decrypt, Cointelegraph and Bitcoin Magazine reported.
STRC moves first, with its first daily record date on Nov. 1 and payment on Nov. 2; STRF, STRK and STRD follow with a first record date of Jan. 1 and payment on Jan. 4, 2027, the outlets said. Bitcoin Magazine and Decrypt noted the start still depends on board action, required filings of amended terms and operational readiness.
Strategy’s board had already declared daily STRC dividends for every day of November, totaling $1.00 per share, on the condition that shareholders approved the switch, according to an Oct. 16 SEC Form 8-K; if they took effect, the previously declared Nov. 15 dividend would not be paid.
Annual dividend rates are unchanged, Cointelegraph reported, with STRC’s variable rate currently 12%; Strategy has said daily dividends would reduce reinvestment lag and support liquidity and price stability in its preferred shares.
Updates
- Update, : Shareholders approved the daily-dividend amendments at the Oct. 28 special meeting with 99.3% of votes cast in favor (preliminary), covering STRF, STRC, STRK and STRD; STRC's first daily payment is set for Nov. 2 and the others from Jan. 4, 2027, pending board action and filings.
- Update, : Update (Oct. 29): The Block reported that Strategy posted $19.53 billion in third-quarter net income on a $20.91 billion bitcoin gain and holds 848,517 BTC, alongside the shareholder approval moving its preferred stocks to daily dividends.
- Update, : Update (Oct. 29): Bitcoin Magazine reported record third-quarter operating income of $20.91 billion driven by bitcoin's rebound, alongside declining revenue, a negative year-to-date BTC yield and continued pressure to fund preferred dividends. The Block had described the $20.91 billion figure as a bitcoin gain, with net income of $19.53 billion.
- Update, : Update (Oct. 30): CFO Andrew Kang resigned as Strategy posted record quarterly operating income (CoinDesk), and Saylor said the company could issue up to $30 billion in digital credit to fund more bitcoin buys (Cointelegraph).
- Update, : Update (Oct. 30): StoneX and TD Cowen kept buy ratings on Strategy after its post-earnings drop, citing a $4.83 billion cash reserve and a steadier STRC preferred structure (The Block).
Key facts
- The board declared the November daily dividends on Oct. 15, 2026, the 8-K says.
- “In no event will both the November Daily Dividends and the November 15 Dividend become unconditionally payable,” the filing says.
- Strategy expects the November daily dividends, if payable, to be treated as non-taxable returns of capital to the extent of a shareholder’s tax basis in STRC.
- Cointelegraph said Strategy added 250 bitcoin for $21.5 million last week, bringing its holdings to 848,250 BTC.
- Cointelegraph said Strategy repurchased $176 million of STRC in the week ending Oct. 4, more than six times its $28 million of bitcoin purchases that week.
- Because U.S. markets close on weekends, record dates falling on non-trading days will be treated as the previous business day and paid together, Decrypt reported, citing Strategy.
- STRC traded at $99.86 on Wednesday, just below its $100 par value, Decrypt said, citing Yahoo Finance.
- Strategy holds 848,517 BTC, according to Cointelegraph (citing BitcoinTreasuries.net) and Bitcoin Magazine.
- Final vote certification will come in a company filing, Bitcoin Magazine reported.
- Strategy CFO Andrew Kang has resigned as the company reported $21 billion in quarterly operating income and holdings of 848,517 BTC, CoinDesk reported.
- Michael Saylor said Strategy could create up to $30 billion in digital credit without new common-stock fundraising or further bitcoin price gains, and the company plans more BTC purchases, Cointelegraph reported.
- Strategy shares fell after Q3 earnings, but StoneX and TD Cowen kept buy ratings, citing a $4.83 billion cash reserve and a more stable STRC preferred structure, The Block reported.
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