Markets
What to know:
- Strategy jacks up the February dividend on 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), says the largest publicly traded holder of bitcoin 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.
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, just shy of 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 trading near $78,000.
Read More
- When Bitcoin Mining Gets Tougher Than Your Math Teacher’s Homework 🤯
- When Wall Street Meets Bitcoin: A Tale of ETFs and Network Woes 😂
- XRP to Moon or Bust? 🤡 Chart Nerds & Wishful Thinking Collide 🚀
- XRP: A Most Disappointing Turn of Events! 📉
- XRP’s Wild Ride: To the Moon or Just a Bit Bouncy? 🚀
- Tokyo’s Top Man Blesses Digital Devilry! 😈💰
- SHIB Burns 6,000%: Analyst Claims 17x Surge – Doge’s on a Rocket Ship to the Moon 🚀
- DeFi’s Wild Ride: From Yield Fever to Utility Sanity 🤠💰
- 🤑 Gold & Silver: Bull Run or Bearish Blunder? Fed’s Move Could Shock You! 🚀
- Crypto Leverage: Uh Oh ⚠️
2026-02-01 15:09