Strategy, formerly known as MicroStrategy, has announced a proposal to distribute daily dividends on four of its preferred stock series: STRF, STRC, STRK, and STRD. Under the plan, dividends would accrue every calendar day, including weekends and holidays, with payments processed on the following business day.
The company stated that this initiative is intended to reduce reinvestment lag, improve market liquidity, and support price stability. Shareholders are scheduled to vote on the proposal at a meeting on October 28. The company expects these changes to enhance the utility of its digital credit instruments and improve access to preferred equity capital.
The firm, which pivoted to a bitcoin treasury model in 2020, recently reported the purchase of 950 bitcoins for $75,7 million, marking its first acquisition since August. Previously, the company initiated a program to sell bitcoin to generate up to $1,25 billion for its USD reserve, dividend funding, and share repurchases.
While the company's stock price has declined by nearly 50% over the past year amid a cryptocurrency market downturn, it has seen an appreciation of nearly 1,000% since the company began its bitcoin acquisition strategy in 2020.
