In a social media post on Sunday, Strategy Chairman Michael Saylor said the largest Bitcoin (BTC) treasury firm will increase the March 2026 dividend on STRC preferred stock, also known as “Stretch,” to 11.50% from the previous 11.25%.
STRCs are perpetual, meaning companies are not obligated to buy back their own shares on a specific date, and they feature a variable yield that changes monthly.
A Friday update to the company’s website confirmed Saylor’s post. According to the website, “STRC’s dividend rate is adjusted monthly to encourage trading around STRC’s $100 par value and to eliminate price fluctuations.” Dividends are also paid monthly. The next payment date is March 31st and will be made to registered shareholders.
Strategy CEO Von Leh said in February that the company was pivoting from issuing common stock to fund BTC purchases to issuing more preferred stock.
“Last year, we raised $7 billion in stretch and permanent preference plans, representing 33% of the total preference market,” Lee said.
“Over the course of this year, we expect the structure to be a significant outcome for the company,” he said, adding, “We will begin the transition from equity to preferred capital.”
Indeed, the company has continued to accumulate Bitcoin even amid a market downturn that has seen the price of Bitcoin nearly halved since October, pushing down the digital asset treasury company’s stock price.
Year-to-date, BTC has lost 23.2% of its value, and Bitwise Bitcoin Standard Corporation ETF (OWNB) stock has declined 16.1%. This exchange-traded fund provides exposure to public companies that hold large amounts of Bitcoin on their balance sheets.
Related: 21Shares Lists STRC ETP, Strategy Yield Wrapper Lands in Europe
The strategy recorded a $12.4 billion loss in Q4 2025
In early February, Strategy reported a net loss of $12.4 billion for the fourth quarter of 2025, prompting investors to send its stock price down 13% to about $107 per share.
Even though sales for the quarter rose 1.9% year over year to approximately $123 million, the company’s stock price has fallen sharply.
Strategies (MSTR) common stock briefly peaked at $543 per share during intraday trading in November 2024, but fell back below $300 in February 2025.
The company’s stock has fallen about 75% from its peak in November 2024, closing Friday at $129.50 per share.
The price of BTC is trading well below Strategy’s average purchase cost of $76,020 per Bitcoin, according to the company’s data.
Strategy’s last BTC purchase was during the week of February 16th, when it purchased 592 BTC worth $39.8 million, bringing its total holdings to 717,722 BTC and marking its 100th BTC acquisition.
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