Strategy Shareholders Approve Semi-Monthly STRC Preferred Dividends
Shareholders of Strategy approved an amendment shifting STRC preferred dividends from monthly to semi-monthly payments. The first record date is June 30 and the first payment is scheduled for July 15.
mumbrella.com.auStrategy shareholders approved an amendment on Monday that changes STRC preferred dividends from monthly to semi-monthly payments. The first record date is June 30 and the first payment date is July 15.
The company disclosed a $1 billion cash reserve set aside to support preferred dividends and interest payments. It also sold roughly 1.4 million shares of common stock for $181 million through an at-the-market program last week and used proceeds to purchase 1,550 Bitcoin.
26 and May 31 the company sold 32 Bitcoin for about $2.5 million, marking its first disclosed sale since December 2022. Strategy shares traded at $127, up roughly 5 percent on Monday, while Bitcoin traded near $63,500. A separate filing showed the share sale occurred after a May 31 prediction-market contract on whether the company would sell any Bitcoin had already resolved, triggering a roughly $60 million dispute over the outcome.
