Strategy keeps STRC dividend rate at 12% for August 2026, with the price still below par value
2026-08-01 20:57
Odaily Planet Daily News Strategy Executive Chairman Michael Saylor confirmed that the company's Variable Rate Series A Perpetual Preferred Stock STRC will maintain a Stretch Dividend Rate of 12.00% for August 2026. STRC was launched in July 2025 with an initial rate of 9%, and has since seen seven consecutive monthly increases.
STRC's dividend adjustment mechanism works as follows: when its trading price falls below $95, the dividend rate increases by 0.5%, and once triggered, the increase is irreversible even if the price recovers. Strategy resets the rate monthly to push STRC's price closer to its $100 par value, while issuing new shares through its ATM program to raise funds for bitcoin purchases.
STRC closed at $89.46 on July 31, slightly below the previous close of $89.50, approximately 10% to 11% below the $100 par value. The stock hit a low of $71.25 in June and has not returned to par value since mid-May.
Strategy has paused issuing new STRC through its ATM program, limiting its ability to use this funding channel to increase bitcoin holdings. The company maintains a liquidity buffer covering approximately 26 months of dividend and interest obligations, and in late June authorized a $2 billion preferred and common stock buyback and bitcoin monetization program through the Digital Credit Capital Framework.
STRC's dividend adjustment mechanism works as follows: when its trading price falls below $95, the dividend rate increases by 0.5%, and once triggered, the increase is irreversible even if the price recovers. Strategy resets the rate monthly to push STRC's price closer to its $100 par value, while issuing new shares through its ATM program to raise funds for bitcoin purchases.
STRC closed at $89.46 on July 31, slightly below the previous close of $89.50, approximately 10% to 11% below the $100 par value. The stock hit a low of $71.25 in June and has not returned to par value since mid-May.
Strategy has paused issuing new STRC through its ATM program, limiting its ability to use this funding channel to increase bitcoin holdings. The company maintains a liquidity buffer covering approximately 26 months of dividend and interest obligations, and in late June authorized a $2 billion preferred and common stock buyback and bitcoin monetization program through the Digital Credit Capital Framework.
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