MicroStrategy Approves Daily Dividend Payments for Preferred Shares

MicroStrategy (now Strategy) has approved a change to pay daily dividends on its four preferred stocks—$STRF, $STRC, $STRK, and $STRD—while keeping annual dividend rates unchanged. The amendment was passed on October 28 with 99.3% of votes in favor. Daily dividends will begin on November 1 for the flagship $STRC stock, with the other three preferred shares following in January. The change is intended to improve liquidity and potentially attract more buyers for the preferred shares, which could provide the company with additional capital to fund future Bitcoin purchases. Strategy currently holds 848,517 BTC and has $242.4 million in unrestricted operating cash as of October 25. The amendment does not create immediate cash inflows, and the company’s recent Bitcoin buying activity has slowed, with only $22.1 million worth of BTC purchased in the week before the pause.