Strategy shareholders to vote on STRC daily dividends, Saylor controls 32.9% of voting power

Odaily reports: Bitcoin treasury company Strategy shareholders will vote on October 28 on whether to amend the terms of STRC, STRF, STRK, and STRD to allow dividend record dates to be set on a daily basis. The proposal requires majority support of the total voting power of all outstanding common shares, with abstentions and broker non-votes counted as opposition; preferred shareholders have no voting rights.

Michael Saylor currently controls 32.9% of the total voting power, and the proposal still needs about 17 percentage points of support from other shareholders. If approved, STRC holders can receive dividends on a daily basis from November 1 to 30, totaling $1 per share, with an annualized rate of 12%; if not approved, daily dividends will not be implemented.

Strategy will announce its third-quarter results on October 29. As of October 25, the company held 848,517 bitcoins and $5.1 billion in dollar assets. (Bitcoin.com News)