Strategy (MSTR), the largest publicly traded holder of Bitcoin, maintained the dividend rate of its perpetual preferred stock Stretch (STRC) at 11.5% in May, maintaining that rate for three consecutive months.
The volume-weighted average price (VWAP) for April was $99.76, close enough to the par value of $100 to justify keeping the rate unchanged.
STRC aims to reduce volatility and keep its price near $100 par, and has delivered a series of increases with a 9% dividend since going public in July 2025.
Strategies markets STRCs as short-term, high-yield savings vehicles with monthly cash distributions.
STRC is currently trading at $99.75 and has been below par since April 15th. Based on historical patterns, we expect STRC to return to $100 next week.
MSTR common stock is also showing signs of recovery, closing 33% higher in April at $165, the first positive gain in nine months.
According to TradingView data, the stock price fell 75% for eight consecutive months in the red from August 2025 to March 2026.
Bitcoin also rose 12% in April, its best monthly performance since April 2025.
Additionally, Strategy is considering moving STRC from its current monthly distribution structure to semi-monthly dividend payments to further reduce volatility.
Read more: Why Michael Saylor’s strategy determines STRC’s bimonthly dividends
