Strategy (MSTR), the largest publicly traded holder of bitcoin, kept the cash dividend on its perpetual preferred stock Stretch (STRC) at 11.5% for May — the third month running at that rate. Strategy cited April’s volume-weighted average price (VWAP) for STRC of $99.76, essentially matching its $100 par value, as the reason to hold the yield steady.
STRC, which debuted in July 2025 with a 9% dividend, has seen several rate increases as Strategy tries to limit price swings and keep the security anchored near par. The company positions STRC as a short-duration, high-yield savings alternative that pays monthly cash distributions. STRC was trading around $99.75 and has remained below par since April 15; market watchers note a historical pattern that could push it back to $100 as soon as next week.
Meanwhile, Strategy’s common stock showed signs of recovery in April, closing at $165 — a 33% gain and the first positive month in nine. That followed a steep 75% decline over eight consecutive losing months from August 2025 through March 2026, according to TradingView. Bitcoin also contributed to the rebound, rallying about 12% in April — its best monthly performance since April 2025.
Strategy is also weighing a switch from monthly to semi-monthly dividend payments for STRC in hopes of further reducing volatility. Read more: Why Michael Saylor's Strategy decided to make STRC's dividend bi‑monthly.
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