Strategy Maintains STRC Dividend, Pauses Bitcoin Accumulation
Strategy (formerly MicroStrategy) has maintained its Stretch (STRC) preferred share dividend at 11.5% for April 2026, marking the first instance since its inception that the company has not increased the dividend on a monthly basis.
Key Takeaways
- The STRC dividend rate has been held at 11.5% for April 2026, ending a period of consecutive monthly increases.
- The company has paused its Bitcoin purchasing activity, concluding a 13-week acquisition streak.
- A significant portion, approximately 80%, of STRC shares are held by retail investors attracted by its yield and perceived low volatility.
- Strategy recently announced a $42 billion at-the-market (ATM) fundraising program, equally split between common stock and STRC.
The STRC preferred share, launched in July of the previous year with an initial annual dividend of 9%, had seen consistent month-over-month increases in its payout. The rate reached 11.5% in March following a 25 basis-point adjustment from the February rate of 11.25%. The decision to hold the dividend steady in April is a notable deviation from this established pattern.
“STRC’s dividend rate is adjusted monthly to encourage trading around STRC’s $100 par value and to help strip away price volatility.”
This dividend rate adjustment mechanism is designed to influence trading behavior around the STRC’s $100 par value and to mitigate price volatility.
Concurrently, Strategy has ceased its Bitcoin acquisition activities, pausing purchases for the most recent week. This interruption breaks a sustained 13-week buying trend for the cryptocurrency.
The company currently holds 762,099 Bitcoin (BTC), acquired at an average price of approximately $75,694 per coin. This holdings portfolio is presently facing an unrealized loss exceeding $5.5 billion, according to data from SaylorTracker.
Despite this unrealized loss, Strategy has unveiled a substantial $42 billion at-the-market (ATM) fundraising program. This program is strategically divided, with half allocated to its common stock and the other half designated for STRC issuance.
Retail Investor Focus on STRC
The STRC shares have garnered significant attention from retail investors, with CEO Phong Le indicating that individual investors now account for approximately 80% of STRC ownership. This high concentration underscores STRC’s appeal to retail investors seeking exposure to Bitcoin-correlated assets with a yield component, while attempting to sidestep the direct volatility associated with common equity.
Michael Saylor stated on X: “Over the past 30 days, $STRC has been less volatile than every company in the S&P 500—and every major asset class—while delivering an 11.5% dividend yield.”
Earlier in the year, Phong Le had communicated the company’s strategic intent to transition its capital structure from equity towards preferred capital throughout 2026. The stability of the April dividend rate may serve as an indicator of a potential plateauing of dividend adjustments or could represent a temporary pause before further modifications. The future trajectory of the STRC dividend will likely be influenced by the share’s trading performance throughout the current month, with the next rate announcement scheduled for the end of April.
Details can be found on the website : beincrypto.com