Strategy (MSTR), the largest publicly traded bitcoin holder, has maintained an 11.5% dividend rate for May on its perpetual preferred stock, Stretch (STRC), marking the third consecutive month with that dividend rate.
The volume-weighted average price (VWAP) during April was $99.76, close enough to its face value of $100 to justify keeping the rate unchanged.
STRC has seen a series of increases since listing in July 2025 with a 9% dividend, as the company aims to reduce volatility and keep the price anchored near its face value of $100.
Strategy markets STRC as a high-yield, short-duration savings alternative that pays monthly cash distributions.
STRC is currently trading at $99.75 and has remained below par since April 15. Based on historical patterns, STRC is expected to return to $100 next week.
MSTR common stock has also shown signs of recovery, closing April at $165, up 33%, its first positive month in nine.
The stock fell 75% during eight consecutive months of losses from August 2025 to March 2026, according to data from TradingView.
Bitcoin also rose 12% in April, its best monthly performance since April 2025.
Additionally, Strategy is considering a shift to biweekly dividend payments for STRC, moving away from its current monthly distribution structure to further reduce volatility.
Read more: Why Michael Saylor’s strategy decided to make STRC’s dividend bi-monthly
