Strategy Freezes Stretch Preferred Dividend at 11.5% as Bitcoin Buys Pause
Strategy has held its Stretch perpetual preferred dividend rate at 11.5%, marking the first unchanged payout since its July 2025 debut after seven successive hikes. The company paused Bitcoin purchases funded by Stretch proceeds after a 13-week streak, with the next ex-dividend date set for April 14.
1. Stretch Dividend Rate Held at 11.5%
Strategy elected to maintain the monthly dividend on its Stretch perpetual preferred stock at 11.5%, breaking a streak of seven consecutive rate increases since its July 2025 launch. The decision reflects a shift from prior upward adjustments aimed at supporting trading near par.
2. Bitcoin Purchases Pause Following 13-Week Streak
Stretch proceeds have been used to fund corporate Bitcoin acquisitions, but the company suspended its weekly purchases after 13 straight weeks of buying. This pause may slow the need for additional capital issuance through the preferred stock.
3. Ex-Dividend Date and Trading Near Par
Stretch shares continue to trade close to their $100 par value, with the dividend rate adjusted monthly to limit price volatility. The next ex-dividend date for the 11.5% payout is scheduled for April 14.