Strategy (MSTR), the bitcoin treasury firm, has increased the dividend on its STRC preferred stock to attract yield-focused investors and push the price toward its $100 target.
The Virginia-based company raised the annualized payout by 1 percentage point to 10%, Executive Chairman Michael Saylor said Tuesday on X. This adjustment sets the September monthly dividend at $0.8333 per share.
In addition, Strategy purchased 4,048 BTC, bringing total bitcoin holdings to 636,505 BTC.
Since its July 30 launch, STRC has climbed roughly 8%, trading near $97, just below the $100 par value target. The effective yield is 10.3%, supported by 5-to-1 bitcoin overcollateralization, ensuring every $1 of dividend is backed by approximately $5 in BTC.
The $100 level is pivotal for Strategy’s at-the-money (ATM) issuance program, which allows additional share sales to fund further bitcoin acquisitions.
Other quarterly dividends were declared as follows: $3.0556 per share for STRD, $2.50 for STRF, and $2.00 for STRK, payable Sept. 30 to shareholders of record Sept. 15.
