Bitcoin treasury firm Strategy has proposed daily dividend accruals on its four U.S. preferred shares (STRF, STRC, STRK, and STRD). Dividends would accrue every calendar day, including weekends and holidays, and be paid the following business day. Shareholders vote on October 28, with STRC switching on November 1 and the other three on January 1. This would move STRC from 24 to 365 record dates annually, a 90x increase for the quarterly payers, with the aim of reducing volatility and improving liquidity. The preferreds are central to Strategy’s funding model, with $255 million in STRC dividends paid since June and the capacity to sell up to $1.25 billion in Bitcoin to service these obligations.
Source: Read the original article
