Today in crypto, Strategy shareholders approved daily dividend payments across four preferred stocks, Coinbase said customer contact information was exposed through a third-party analytics provider and Robinhood CEO Vlad Tenev warned that regulatory uncertainty could discourage investors from moving substantial assets into tokenized markets.
Strategy shareholders approve daily dividends across four preferred stocks
Strategy shareholders have approved a proposal to introduce daily dividend payments across the company’s four preferred securities, with 99.3% of votes cast supporting the changes.
The amendments cover STRF, STRC, STRK and STRD, replacing existing semi-monthly or quarterly payment schedules with distributions every business day. Dividends will continue to accrue over weekends and holidays, while annual dividend rates remain unchanged.
Strategy expects STRC to begin daily payments on Nov. 2, followed by the other three securities on Jan. 4, 2027. The company said the shorter payment cycle could improve liquidity and reduce price fluctuations in its preferred shares.
The securities currently offer annual dividend rates ranging from 8% to 12%. STRC carries a variable rate of 12%, while the remaining three offer fixed rates.
The move follows similar efforts by rival Bitcoin treasury company Strive, which introduced daily dividends on its SATA preferred stock in June. Strive also recently raised $630 million through a second preferred offering, SATS, which carries a 15% annual dividend rate.
Strategy remains the largest corporate Bitcoin holder, with 848,517 BTC, compared with Strive’s 43,000 BTC.
Coinbase denies systems breach, says vendor exposed customer data
Some Coinbase customers’ contact information was exposed in a security incident at analytics vendor Amplitude, the exchange said Wednesday.
The incident impacted a “small subset” of Coinbase customers, along with other Amplitude clients, Coinbase Support said on X.
Coinbase denied that its own systems had been breached and said customer funds were not affected.
The disclosure adds to Wednesday’s reports of cyberattacks affecting both crypto exchanges and traditional financial firms. In South Korea, Bithumb is investigating whether a breach of its internal work platform exposed customer information, while brokerage Daishin Securities reported a leak of personal and credit information belonging to 38,490 customers.
Robinhood’s Tenev warns US tokenization uncertainty deters ‘serious assets’
Robinhood CEO Vlad Tenev says uncertainty over the longevity of US tokenization rules could prevent investors from committing substantial assets to tokenized markets, despite the securities regulator opening a temporary path for onchain stock trading this year.
Speaking during Robinhood’s third-quarter earnings call Tuesday, Tenev welcomed the SEC’s innovation exemption but said further rulemaking or legislation would be needed to provide longer-term regulatory certainty.
“As far as the innovation exemption goes, I think it’s a really positive step… I do think more needs to be done to give people a little bit of certainty because as we talk to customers, I think the uncertainty of what happens in five years is likely to be an impediment to, like, putting serious assets onto this technology.”
Tokenized stock offerings have faced resistance from traditional issuers. Microsoft, Alphabet and Goldman Sachs were among 16 companies that objected to their shares being offered on the proposed OKXICE venue, while AMC CEO Adam Aron separately criticized Robinhood’s tokenized stock products.
