Leading Bitcoin Treasury Strategy has once again increased the dividend of its preferred series STRC (“Stretch”).
Led by Chief Executive Michael Saylor, the company raised the annualized payout by 25 basis points to 11.5%.
While STRC to this point has performed as expected by the company (continuing to trade in a tight range near $100), Strategy’s common stock, MSTR, has faltered along with the price of bitcoin.
MSTR closed February with its eighth consecutive monthly drop, falling 14% while Bitcoin fell almost 20%.
Stretch is intended to generate stable income
The strategy describes STRC as a high-yield, short-duration savings account. This latest dividend increase marks the seventh since STRC began trading in July 2025.
A perpetual preferred stock that pays monthly cash distributions, the STRC dividend rate is set each month to help the stock trade near its $100 par value and limit price volatility. STRC closed at $100 on Friday, but had traded somewhat below that level for part of the brutal month of February for cryptocurrencies, necessitating the surge in payments.
