Strategy chairman Michael Saylor said in a social media post that the largest Bitcoin (BTC) treasury company is raising the dividend on its STRC preferred stock, known as “Stretch,” to 11.50% for March 2026, up from 11.25%.
STRC is a perpetual preferred with a variable yield that is adjusted monthly. A company update on Friday confirmed Saylor’s post, noting that “STRC’s dividend rate is adjusted monthly to encourage trading around STRC’s $100 par value and to help strip away price volatility.” The dividend is paid monthly; the next payout is scheduled for March 31 to shareholders of record.
In February, Strategy CEO Phong Le said the company is shifting away from issuing common stock to fund Bitcoin purchases and toward issuing more preferred shares. “Last year, Stretch and our perpetual preferreds raised $7 billion. That’s 33% of the entire preferred market,” Le said. “As we go throughout the course of this year, we expect structure to be a big product for us. We will start to transition from equity capital to preferred capital.”
The company continues to accumulate Bitcoin amid a market drawdown that has nearly halved Bitcoin’s price since October and pressured the share prices of digital-asset treasury companies. Year-to-date, BTC has lost 23.2% of its value, while the share price of the Bitwise Bitcoin Standard Corporations ETF (OWNB), which provides exposure to public companies holding significant amounts of Bitcoin, is down 16.1%.
Strategy reported a net loss of $12.4 billion for Q4 2025, which prompted investors to push the company’s share price down by 13% to about $107 per share. Despite revenue for the quarter increasing 1.9% year-over-year to about $123 million, the company’s stock has been in steep decline. Strategy’s common stock briefly hit an intraday high of $543 per share in November 2024 before falling below $300 in February 2025. The company’s stock has fallen about 75% since the November 2024 peak, closing on Friday at $129.50 a share.
Bitcoin’s price is trading well below Strategy’s average purchase cost of $76,020 per BTC, according to company data. Strategy last bought BTC during the week of Feb. 16, purchasing 592 BTC valued at over $39.8 million, bringing its total holdings to 717,722 BTC and marking its 100th BTC acquisition.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
