Strategy has launched a shareholder vote to change the STRC dividend of its preferred stock. This follows a proposal to change its monthly dividend payments to semi-monthly, with voting beginning on May 11 and ending on June 8.
This comes after it revealed the purchase of $255 million worth of Bitcoin on April 27. This puts the STRC dividend proposal within a series of balance sheet moves. The firm is moving towards capital allocation in line with its long-term plan.
Also Read: Strategy Holds More BTC Than IBIT, Targets Top Spot in 2 Years
STRC Dividend Payment Shift Plan
The proposed change only affects the payment frequency. It leaves the STRC dividend yield unchanged. Strategy said that this could shorten reinvestment lags. It also stated the change might help improve liquidity.
The company said the new STRC dividend structure could enhance pricing efficiency. It seeks to offer investors a more regular cash flow cycle. The structure is meant to be flexible without changing fundamental terms.
The shareholders eligible for voting are those who owned STRC shares on April 17. The vote started on April 28 following distribution of the definitive proxy. The vote will be finalized at a shareholder meeting on June 8.
If passed, the new STRC dividend policy is likely to commence later this quarter. The first record date under the new plan is June 30. The revised plan will have payments starting on July 15.
Shareholder Voting Rules and Broker Access
Strategy confirmed that shareholders can vote through brokerage platforms. Voting systems can be accessed using control numbers in proxy materials. Digital links have been shared, while physical proxy cards are available for mailed recipients.
The company pointed out that voting rules might differ for brokers. This may be particularly important for non-U.S. investors. Investors have been encouraged to check with their brokers for specific requirements.
The STRC dividend structure comes after comments from Michael Saylor at the Bitcoin 2026 conference. He characterized STRC as a variable rate perpetual preferred stock. It is currently valued close to $100 par value with a 11.5% annualized dividend rate.
The structure is part of a digital credit model, Saylor said. He noted it seeks to provide consistent cash flow and decouple Bitcoin price from dividend payments. He also referenced historical preferred capital models as part of the concept.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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