MicroStrategy Proposes Semi-Monthly STRC Dividends After $2.5B Bitcoin Buy
MicroStrategy concluded the trading session at $170.81, a 2.58% gain, after acquiring 34,164 Bitcoin for $2.5 billion via its STRC funding vehicle. The company proposed shifting STRC preferred dividends from monthly to semi-monthly to accelerate reinvestment and bitcoin purchases.
1. Stock Performance and Bitcoin Buy
MicroStrategy shares rose 2.58% to close at $170.81 following the company’s latest bitcoin acquisition. The firm added 34,164 bitcoins at a cost of $2.5 billion, marking another substantial addition to its crypto treasury.
2. STRC Funding Mechanism
Bitcoin purchases are financed through STRC, MicroStrategy’s perpetual preferred stock instrument designed to fund crypto acquisitions. When STRC trades above its $100 par value, the company issues new shares and immediately converts proceeds into bitcoin.
3. Dividend Frequency Proposal
MicroStrategy has filed to change STRC dividend payments from once monthly to twice monthly. Management expects the faster dividend cycle to reduce reinvestment lag, enhance market liquidity, and smooth the cadence of bitcoin buying.