Strategy Inc's STRC preferred stock began its new semi-monthly dividend schedule on June 30, 2026, with the first record date falling on June 30, 2026 and the first payment date scheduled for July 15, 2026. As per the company's official announcement, this transition represents a significant change from the previous monthly schedule, providing STRC holders with more frequent dividend payments. The new semi-monthly structure is specifically designed to enhance the overall value proposition for STRC holders through improved liquidity and faster reinvestment opportunities. The company's official statement emphasized that "Paying dividends on STRC twice a month is designed to stabilize price, dampen cyclicality, drive liquidity, and grow demand for STRC, while giving STRC holders faster reinvestment opportunity."
STRC's recent performance reflects the continued correlation between Bitcoin price movements and preferred stock trading. The stock dropped toward $90 this week as Bitcoin slid under $63,000, then recovered back toward its $100 par value, repeating a pattern that has shadowed every major Bitcoin drawdown this year. As reported by multiple market sources, STRC fell below $95 on June 3 for the first time in three months, closing at $94.65 as Bitcoin dropped to $62,000 and liquidations topped $1.6 billion. The discount matters significantly because MicroStrategy issues fresh STRC mainly when shares sit at or above par, and has paused those sales before when the gap widened. The preferred stock has funded roughly 77,000 BTC in purchases this year, more than spot ETFs bought on net across the entire US market.
Strategy Inc held 845,256 BTC as of June 9, 2026, against a roughly $1 billion cash reserve set aside for dividends and debt service. The company resumed its Bitcoin accumulation strategy with a $101.3 million acquisition of 1,550 BTC between June 1 and June 7, paying an average of $65,332 per coin. This latest purchase followed Strategy's sale of 32 BTC near the end of May for roughly $2.5 million, which represented the company's first reported Bitcoin sale since December 2022. Market analysts note that STRC moves less on its own mechanics than on BTC price sentiment, with Bitcoin remaining the dominant driver of the preferred stock's performance. Analyst Michael van de Poppe argues that Bitcoin is stalling beneath $65,000, a level that flipped from support to resistance after February's crash, suggesting a potential run toward $72,000 to $74,000 could ease pressure on the preferred stock.
The new semi-monthly dividend schedule, which covers STRC dividends from operating cash, is designed to dampen volatility and speed reinvestment, beginning with the June 30 record date. However, not everyone expects immediate relief from the current trading dynamics. Economist Peter Schiff contends that "STRC may not go back to par unless MSTR raises the dividend. That may not happen," suggesting the discount reflects fundamental structural issues rather than temporary market conditions. The first real test of the new cadence will come at month end, when the semi-monthly structure meets whatever Bitcoin does next. The company's official statement emphasized that "We're grateful to our shareholders for their strong support of this proposal." The amendment specifically affects STRC Variable Rate Series A Perpetual Stretch Preferred Stock, while Strategy's Class A common stock (NASDAQ:MSTR) and other preferred stock classes were not affected by this change.
