Strategy, the world’s largest publicly traded Bitcoin holder, has maintained the 11.5% dividend rate on its perpetual preferred stock, Stretch (STRC). This is the first time that the product has not seen a dividend increase since its launch in July 2025.
STRC debuted in July 2025 with a 9% dividend and has since seen seven dividend increases. The company was able to maintain the current rate after the volume-weighted average price (VWAP) for the month reached $99.95, keeping the stock close enough to its par value of $100.
The strategy positions STRC as a high-profit, short-duration savings alternative. Perpetual preferred shares pay monthly cash distributions, and the dividend rate adjusts each month to support trading near par and limit price volatility.
During Tuesday’s session, STRC remained close to the pair for most of the day. The company is estimated to have purchased over 1000 BTC, and it took 12 days for STRC to recover to par after the ex-dividend date. Shares are likely to continue trading near par for the next two weeks, leading up to the ex-dividend date of April 14.
Meanwhile, bitcoin treasury asset manager Strive (ASST) saw its own perpetual preferred product, SATA, reach $100 at par for the first time. This allowed the company to issue shares through its at the market (ATM) program to fund additional bitcoin purchases. SATA currently offers a dividend rate of 12.7%.
