Strategy's STRC Holds 11.5% Dividend After 7 Straight Hikes

• Strategy has maintained its 11.5% dividend rate for its STRC perpetual preferred stock, ending a streak of seven consecutive increases.
• The monthly volume weighted average price (VWAP) of $99.95 allowed the shares to remain near their $100 par value.
• Competitive product SATA from Strive reached its $100 par value, triggering new funding opportunities for Bitcoin acquisitions.

Dividend Stability and STRC Performance

Strategy, recognized as the largest corporate holder of Bitcoin globally, has opted to keep the dividend for its Stretch (STRC) perpetual preferred stock at 11.5%. This decision marks a shift in trend, as it is the first time the dividend has not been raised since the product's inception in July 2025.

Initially launched with a 9% yield, STRC experienced seven sequential increases before reaching the current level. The stability of the rate is tied to the asset's market performance; the monthly VWAP was recorded at $99.95, ensuring the stock traded effectively at its $100 par value.

Market Mechanics and Bitcoin Integration

The STRC product is designed as a high-yield, short-duration alternative to traditional savings accounts. To minimize price volatility and keep trading close to par, Strategy adjusts the monthly cash distributions. Recent market data shows:

• The stock held near the $100 par level throughout the most recent Tuesday session.
• It took 12 days for the shares to return to par value following the previous ex-dividend date.
• The company is estimated to have acquired over 1,000 BTC during this period.

Analysts expect the shares to maintain this stability as the next ex-dividend date on April 14 approaches.

Competitive Landscape in Treasury Management

While Strategy focused on stability, its competitor Strive (ASST) reached a significant milestone with its own perpetual preferred offering, SATA. For the first time, SATA reached its $100 par value, allowing the Bitcoin treasury manager to utilize its at-the-market (ATM) program. This enables Strive to issue new shares to fund further Bitcoin purchases. Currently, SATA carries a higher dividend rate of 12.7% compared to STRC.