Bitcoin Giant Strategy Plans STRC Daily Dividends Starting in November
Michael Saylor’s bitcoin treasury company Strategy has announced plans to begin paying daily cash dividends on its STRC preferred shares starting Nov. 2, pending shareholder approval of changes to its dividend structure. The company also intends to maintain STRC’s 12% annual dividend rate as it seeks to keep the stock trading near $100 per share. […]
Strategy, Michael Saylor's bitcoin treasury company, plans to begin paying daily cash dividends on its STRC preferred shares starting Nov. 2, pending shareholder approval of changes to its dividend structure. The company intends to keep STRC's 12% annual dividend rate while aiming to hold the stock near $100 per share. The move is a capital-structure tweak for a major bitcoin holder rather than a direct market catalyst, so traders are unlikely to reprice BTC on this alone.
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1H AGOYou’re reading thisBitcoin Giant Strategy Plans STRC Daily Dividends Starting in NovemberBitcoin.com News · Score 25
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13 OCT · 13:59Bitcoin.com News · Score 25 · via STRC, Giant Strategy
