Michael Saylor’s Strategy proposes to change dividend accrual on its preferred securities (STRF, STRC, STRK, STRD), moving from monthly, semi-monthly, or quarterly schedules to daily accrual including weekends and U.S. market holidays. If approved by shareholders, STRC would go from 24 record dates per year to 365, while the other three preferreds would shift from 4 quarterly dates to daily accruals. The shift from monthly to semi-monthly dividends already reduced ex-dividend price drops from 49 to 36 basis points, and Strategy expects daily accruals to further reduce volatility. STRC would begin daily accruals on November 1, 2026, with the first payment on November 2, while STRF, STRK, and STRD would transition on January 1, 2027. Strategy held approximately 846,000 BTC at the time of this article, with roughly $10 billion in unrealized losses versus $8 billion in gains.
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