Strategy Want to change preferred share dividends to “calculated daily.” On September 24, the board approved a proposal covering four issues: STRC, STRF, STRK, and STRD. For each natural day—including weekends and holidays—becomes the dividend record date, with the announced dividend paid on the next business day.
The company clearly said it would not change the interest rate or the total amount. The extraordinary general meeting is on October 28, but only ordinary shareholders have voting rights—preferred shareholders don’t get to decide themselves. If it’s approved, STRC would be recorded at the earliest on November 1 and paid on November 2; the other three would wait until 2027.
My take: this isn’t about giving shareholders more money. It’s about turning the accrued value of each preferred share into something that increases every day, making them behave more like a money market fund. The key question is whether Strategy can lower the financing cost on its preferred-share funding used to buy $BTC ; specifically, can the cost tied to $MSTRB be reduced?
If dividends are split into 365 portions, will it truly boost valuation? Or is it only hiding volatility inside the daily net asset value?
The company clearly said it would not change the interest rate or the total amount. The extraordinary general meeting is on October 28, but only ordinary shareholders have voting rights—preferred shareholders don’t get to decide themselves. If it’s approved, STRC would be recorded at the earliest on November 1 and paid on November 2; the other three would wait until 2027.
My take: this isn’t about giving shareholders more money. It’s about turning the accrued value of each preferred share into something that increases every day, making them behave more like a money market fund. The key question is whether Strategy can lower the financing cost on its preferred-share funding used to buy $BTC ; specifically, can the cost tied to $MSTRB be reduced?
If dividends are split into 365 portions, will it truly boost valuation? Or is it only hiding volatility inside the daily net asset value?