Markets
What to know (or pretend to care about):
- Strategy, the grand poobah of bitcoin hoarding, has decided its STRC preferred stock needs more paydays-semi-monthly, to be precise. Because why wait a whole month when you can get paid twice as often?
- The yield? Unchanged. The obligation? Same old, same old. But hey, it’ll supposedly make STRC as steady as a rock in a tornado. Or so they say.
- If the bigwigs approve, July 15 will be the first of these bi-monthly bonanzas. Mark your calendars, folks.
In a move that screams, “We’re trying to look busy,” Strategy (MSTR), the self-proclaimed bitcoin treasury kingpin, has filed a proxy to switch its STRC “Stretch” preferred stock dividends from monthly to semi-monthly. Executive Chairman Michael Saylor-the man who’d probably trade his left kidney for bitcoin-claims this will “stabilize price, dampen cyclicality, drive liquidity, and grow demand.” Translation: We’re throwing spaghetti at the wall and hoping something sticks.
The STRC stock, already more popular than a free ice cream truck in July, has ballooned to a whopping $6.4 billion in outstanding notional value. Volatility? Down to 2.1% in the past two months, compared to 13% in its wild early days. But apparently, Saylor & Co. think it’s still too spicy and needs a dose of semi-monthly blandness.
Voting on this financial fandango ends June 8, with July 15 penciled in as the first payment date. Meanwhile, MSTR shares jumped 11.8% on Friday, riding bitcoin’s coattails as it climbed to $77,400. Because, let’s face it, nothing says “financial strategy” like hitching your wagon to a cryptocurrency rollercoaster.
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2026-04-17 23:32