Strategy holds STRC dividend at 11.5%, halting seven-month streak of raises
Strategy — the world’s largest publicly traded Bitcoin holder — kept the dividend on its perpetual preferred stock, STRC (Stretch), at 11.5%, marking the first time the product’s payout hasn’t been increased since its July 2025 launch. STRC began at a 9% coupon and had been ratcheting the rate up for seven consecutive adjustments before this pause.
Why the pause matters
STRC’s dividend rate is adjusted monthly with the explicit goal of keeping the security trading close to its $100 par value and dampening price swings. In the most recent month the volume-weighted average price (VWAP) reached $99.95 — effectively at par — giving Strategy room to hold the rate steady rather than push another increase. Maintaining the rate after a long run of hikes signals the issuer can keep the stock near par without further yield incentives for now.
How STRC trades and what to watch
STRC pays monthly cash distributions and is marketed as a short-duration, high-yield alternative to savings. During Tuesday’s session the shares stayed near par for most of the day. Strategy is estimated to have bought more than 1,000 BTC recently, and after its last ex-dividend date STRC took 12 days to recover back to par. Given current trading, the shares are likely to remain close to par heading into the April 14 ex-dividend date.
Peer update: Strive’s SATA hits par
Separately, bitcoin treasury manager Strive (ASST) saw its perpetual preferred, SATA, reach $100 par for the first time. That milestone unlocked the ability to issue shares through its at-the-market (ATM) program to fund additional Bitcoin purchases. SATA currently carries a 12.7% dividend rate.
Bottom line
For yield-seeking crypto investors, STRC remains a high-coupon, short-duration product, but Strategy’s decision to hold the rate suggests the company is content with current demand and share price stability. Keep an eye on VWAP and ex-dividend dates — and on peers like SATA, where par-priced shares can enable immediate issuance and new BTC buying.
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