Strategy (MSTR) CEO Michael Saylor said the largest publicly traded bitcoin holder increased the dividend rate on its preferred stock, Stretch (STRC), by 25 basis points to 11.25% in February.
The strategy describes Stretch (STRC) as a high-yield, short-duration savings account. The increase is the sixth since STRC was first traded in July 2025.
STRC is a perpetual preferred stock that pays monthly cash distributions, with a dividend rate set each month to encourage trading near its $100 face value and limit price volatility. STRC closed at $98.99 on Friday, slightly below par.
Strategy has raised $2.25 billion in reserves to fund dividend obligations on its perpetual preferred offerings, totaling about $887 million a year, according to the company’s dashboard.
X’s announcement comes after bitcoin fell below $76,000 on Saturday, briefly pushing Strategy’s bitcoin average cost basis underwater. The largest cryptocurrency has since recovered and was recently trading near $78,000.
