Gate News message, April 18 — MicroStrategy filed a proxy that, if approved, would allow holders of its STRC preferred stock to switch dividend payments to semimonthly, with voting closing on June 8 and a first payment expected on July 15. The 11.5% annual dividend rate would remain unchanged.
Executive Chairman Michael Saylor said the change is designed to reduce price swings and improve liquidity. The company noted that STRC’s outstanding notional value reached $6.4 billion, with volatility falling to 2.1% over the past two months from 13% during the first eight months after launch.
Strategy positions STRC as a “short-duration, high-yield savings account” aimed at attracting income-focused investors, with retail investors comprising approximately 80% of holders. The company operates a $21 billion at-the-market (ATM) issuance program to fund Bitcoin acquisitions, leveraging the increased appeal of more frequent dividend payments to strengthen the program’s effectiveness.
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