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Strategy raises STRC dividend as the preferred stock's price drifts below par

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Strategy raises STRC dividend as the preferred stock's price drifts below par

The dividend increase follows renewed pressure on STRC, which has been trading below its $100 par value.

By James Van Straten|Edited by Sheldon Reback
Feb 1, 2026, 11:42 a.m.
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Strategy Executive Chaiman Michael Saylor (Gage Skidmore / CC BY-SA 2.0 / Modified by CoinDesk)

What to know:

  • Strategy increased the February dividend on its perpetual preferred stock Stretch (STRC) by 25 basis points to 11.25%.
  • The move comes as STRC trades below par at $98.99 and bitcoin dipped below Strategy’s cost basis before rebounding.

Michael Saylor, executive chairman of Strategy (MSTR), said the largest public traded holder of bitcoin BTC$78,748.36 increased the dividend rate on its preferred stock, Stretch (STRC), by 25 basis points to 11.25% for February.

Strategy describes Stretch (STRC) as a short-duration, high-yield savings account. The increase is the sixth since STRC first traded in July 2025.

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STRC is a perpetual preferred stock that pays monthly cash distributions, with the dividend rate set each month to encourage trading near its $100 par value and to limit price volatility. STRC closed at $98.99 on Friday, slightly below par.

Strategy has raised $2.25 billion in reserves to fund dividend obligations on its perpetual preferred offerings, which total approximately $887 million annually, according to the company’s dashboard.

The announcement on X comes after bitcoin slid below $76,000 on Saturday, briefly pushing Strategy’s average bitcoin cost basis underwater. The largest cryptocurrency has since rebounded and was recently trading near $78,000.

Bitcoin NewsStrategyMichael Saylor
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