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Strategy, formerly MicroStrategy, raised its STRC preferred stock dividend by 25 basis points for March 2026 as Bitcoin’s (BTC) drawdown continues to weigh on MSTR shares. Strategy is the largest corporate holder of Bitcoin.
The STRC dividend rate for March 2026 was increased to 11.50%, up from 11.25% in February. The rate was announced by Executive Chairman Michael Saylor on X (formerly Twitter).
Strategy sets the STRC dividend rate monthly with the aim of keeping the shares trading near their $100 par value, which is intended to limit price volatility.
Bitcoin’s drawdown has affected both MicroStrategy’s Class A shares (MSTR) and its balance sheet. MSTR has declined 14.77% year-to-date (YTD) amid BTC’s downturn, while Bitcoin itself is down nearly 24% over the same period.
In contrast, STRC’s dividend-linked structure is designed to provide stability around the $100 par value, while MSTR’s share price has been more volatile.
In February, CEO Phong Le said the company plans to shift toward preferred share issuance rather than common stock for Bitcoin purchases. The company’s stated approach is to use preferred shares as a lower-volatility capital raise vehicle compared with equity dilution through common stock.
Strategy holds the largest corporate Bitcoin reserve globally and continues to purchase BTC despite reporting $6.6 billion in paper losses. The company’s pivot toward preferred shares is intended to support capital raising under conditions where prolonged BTC price pressure challenges the accumulation model.
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