Crypto: Strategy Boosts Monthly Strc Preferred Dividend To 11.5% For March...

The 25-basis-point the latest monthly adjustment of STRC's dividend and comes amid a sharp downturn in the crypto markets and macroeconomic uncertainty.

Strategy chairman Michael Saylor said in a social media post on Sunday that the largest Bitcoin (BTC) treasury company is raising the dividend on its STRC preferred stock, also known as “Stretch,” to 11.50% for March 2026, from the previous 11.25%.

STRC is perpetual, meaning the company is not obligated to buy back the stock at any specified date, and features a variable yield that changes monthly.

A Friday update on the company’s website confirmed Saylor’s post. “STRC’s dividend rate is adjusted monthly to encourage trading around STRC’s $100 par value and to help strip away price volatility,” according to the website. The dividend is also paid monthly. with the next payout date on March 31, to shareholders of record

In February, Strategy CEO Phong Le said the company is pivoting away from issuing common stock to fund its BTC purchases and toward issuing more preferred shares.

“Last year, a 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,” he said, adding, “We will start to transition from equity capital to preferred capital.”

To be sure, the company continues to accumulate Bitcoin amid a market drawdown that has nearly halved the price of Bitcoin since October and driven down the share prices of digital asset treasury companies.

In the year to date, BTC has lost 23.2% of its value, while the share price of Bitwise Bitcoin Standard Corporations ETF (OWNB) is down 16.1%. That exchange-traded fund provides exposure to public companies holding significant amounts of Bitcoin on their balance sheets.

Related: Strategy yield wrapper lands in Europe as 21Shares lists STRC ETP

Source: CoinTelegraph