Leading bitcoin treasury firm Strategy (MSTR) has proposed shifting the dividend cost schedule on its perpetual most popular fairness, Stretch (STRC), from month-to-month to semi-monthly.
The modification, outlined in Strategy’s investor presentation, would hold the 11.5% annualized dividend charge and complete annual obligations unchanged (at present $1.2 billion). Holders would obtain payouts roughly each two weeks as a substitute of as soon as a month, with the primary semi-monthly cost anticipated on July 15, following the June 8 shareholder vote.
According to Strategy’s presentation, STRC at present sees a median $0.45 worth drawdown after the ex-dividend date (the deadline to personal a inventory to obtain a dividend), with restoration to its $100 par worth taking round two weeks. Typically, on the ex-dividend date, the inventory worth drops by roughly the quantity of the dividend cost.
When STRC trades under its $100 par worth, Strategy can not situation shares by way of its at-the-market (ATM) program to elevate funds for bitcoin purchases. By smoothing the worth motion, the corporate goals to hold STRC nearer to par, enabling extra constant capital elevating.
Semi-monthly funds are anticipated to scale back this volatility and time lag.
Steadier bitcoin shopping for
More frequent payouts would additionally scale back reinvestment lag and unfold out the shopping for stress extra evenly throughout the month, permitting Strategy to buy bitcoin at a steadier tempo and hold purchases constant.
According to the presentation, the shift aligns with the everyday twice-monthly U.S. payroll cycle and creates extra entry and exit alternatives for shareholders, all aimed toward decreasing volatility.
STRC’s historic volatility averaged 13% from August 2025 to March 2026, however dropped to simply 2% between March and April 2026, in accordance to Strategy’s knowledge.
If accredited, STRC would grow to be the one semi-monthly dividend-paying most popular out there, in contrast with 921 that pay quarterly and 32 that pay month-to-month, the corporate mentioned. Nasdaq guidelines require at the very least 10 calendar days between dividend declaration and the file date.
STRC lately fell under $99 following the April 15 ex-dividend date, a drop of greater than $1, which is the volatility the corporate is aiming to scale back.
Disclosure: The creator of this story owns shares in Strategy (MSTR).
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