Strategy chairman Michael Saylor announced on social media that the company is increasing the dividend on its STRC preferred shares, nicknamed “Stretch,” to 11.50% for March 2026, up from 11.25%. STRC is a perpetual preferred whose yield is reset monthly; the company said the rate is adjusted to promote trading around STRC’s $100 par value and to help reduce price volatility. Dividends are paid monthly, with the next distribution scheduled for March 31 to shareholders of record.
CEO Phong Le said in February that Strategy is moving away from using common stock to finance Bitcoin purchases and will rely more on preferred securities. Last year, Stretch and other perpetual preferred offerings raised about $7 billion—roughly a third of the entire preferred market, he noted. The company expects structured preferred instruments to play a larger role as it transitions capital-raising from equity to preferred products.
Strategy has continued to add to its Bitcoin holdings even as the crypto market has pulled back. Bitcoin’s price has nearly halved since October, and is down 23.2% year-to-date. That drawdown has weighed on publicly traded digital-asset treasury companies: the Bitwise Bitcoin Standard Corporations ETF (OWNB), which tracks firms with meaningful Bitcoin holdings, is down about 16.1% this year.
The company reported a $12.4 billion net loss for Q4 2025, a headline figure that sparked selling and drove the stock down roughly 13% to about $107 intraday. The shares later recovered somewhat and closed Friday at $129.50. Revenue for the quarter rose 1.9% year-over-year to about $123 million. Strategy’s common stock reached an intraday high of $543 in November 2024 before sliding below $300 in February 2025; the share price is roughly 75% below the November peak.
According to company disclosures, Bitcoin is trading well below Strategy’s average purchase price of $76,020 per BTC. The firm last bought Bitcoin in the week of Feb. 16, acquiring 592 BTC for more than $39.8 million. That purchase brought its total holdings to 717,722 BTC and marked its 100th acquisition tranche.
This article was produced under Cointelegraph’s editorial standards; readers are encouraged to verify details independently.