Strategy Turns STRC Into a Daily Treat—and MSTR Pops 4.45%

Strategy (MSTR) shares rose 4.45% to $136.58 on Monday after the company introduced daily dividends on its Stretch preferred stock, while also announcing an STRC buyback and resuming purchases of $BTC.

The revised payment schedule makes the first STRC dividend payment due November 3, according to Strategy’s November 2 SEC filing. The payment covers dividends payable from November 1 and November 2, when the new terms took effect. STRC previously paid dividends twice monthly, but holders will now receive payments on business days, with dividends earned on weekends and holidays added to the next payment.

The annualized dividend rate is 12%, based on STRC’s $100 stated value for November. Strategy can reset the rate monthly as it works to maintain the shares around $100. Shareholders approved the changes on October 28, and similar payment schedules for STRF, STRK, and STRD are planned for January 2027.

During the week ended November 1, Strategy repurchased 2,092,035 STRC shares for $208.2 million using cash, reducing the number of preferred shares eligible for future dividends. As of November 1, the company held $4.79 billion in its USD Reserve and $132.7 million in USD Cash.

Strategy also acquired 811 $BTC for $65.5 million. B. Riley lowered its MSTR price target to $180 from $195 while maintaining a Buy rating.