Strategy, the leading publicly traded corporate holder of bitcoin, has kept its 11.5% dividend rate on its perpetual preferred stock, STRC, for the fourth consecutive month.

The preferred stock remains near its $100 par value as the company balances yield stability, ATM issuance capacity, and its bitcoin acquisition strategy.

By James Van Straten|Edited by Jamie Crawley Jun 1, 2026, 10:37 a.m. 2 min read

Key Points:

  • The dividend for STRC is steady at 11.5%, with the stock's monthly volume-weighted average price (VWAP) at $99.62, keeping it close to the $100 par value.
  • Maintaining STRC's value near par is crucial for Strategy's capacity to issue shares through its ATM program, which funds bitcoin purchases, debt management, and other corporate financial needs.

Disclosure: The author of this article owns shares in Strategy (MSTR).

Strategy, recognized as the largest publicly traded corporate holder of bitcoin, has successfully kept its 11.5% dividend rate for its preferred stock, STRC, since its introduction in July 2025, when it started with a 9% dividend rate. The company managed to sustain this rate this month after the stock's VWAP reached $99.62, ensuring it remains close to the $100 target par value, which is a significant goal of this financial instrument.

STRC is marketed as a short-duration, high-yield savings alternative, offering monthly cash distributions. The dividend rate is reset every month to promote trading near its par value and reduce price fluctuations.

Although STRC has not matched its $100 par value since May 14, it has recently shown a recovery from a low of $97.11 on Thursday to approximately $99.10. The next ex-dividend date, which is the deadline for investors to own shares in order to receive the forthcoming dividend payment, is set for June 15. Similar to patterns observed in May, STRC may briefly return to par as the ex-dividend date approaches.

Keeping the stock's price stable around $100 is essential for Strategy, as it facilitates the efficient issuance of additional shares through its ATM program. The funds raised can be directed towards acquiring more bitcoin or settling corporate debts, including recently addressed liabilities like its 2029 convertible notes.

In addition, Executive Chairman Michael Saylor has continued his regular Sunday social media updates, sharing the message "Working Better." This comes as investors increasingly question whether Strategy might sell bitcoin to fulfill debt or dividend obligations or if it will keep utilizing capital from its securities offerings to grow its bitcoin assets.

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