Strategy kept the dividend on its STRC preferred shares at 12% in August, although the shares ended July significantly below the nominal value of $100. Previously, holders had received increased payouts in precisely such a situation — when the share price remained significantly below par for a month.
Executive Chairman of Strategy, Michael Saylor, announced this in a post on social network X. August will be the second month where dividends are paid twice a month — a procedure approved by shareholders in June.
STRC shares closed last week at $89.46, showing a price increase of 5.42% for the month, which began with a 50-basis-point dividend hike to 12% following weak performance of the shares in June. Trading volume of the shares on Nasdaq on Friday was about two-thirds of the average daily volume.
Strategy CEO Phong Le reiterated that the corporate goal is to bring STRC quotes into the $99–100 range in the future, without specifying when investors can expect this.
Reserve for Preferred Share Payments
Meanwhile, Saylor hinted at another Bitcoin purchase — the post "Bitcoin Drive engaged" was accompanied by the usual chart of Strategy's $BTC purchases from Saylortracker.com, which he traditionally uses to open the week.
Last week, Strategy reported a net loss for the second quarter of 2026 of $8.22 billion, which was primarily due to an unrealized loss of $8.32 billion on its Bitcoin position as the cryptocurrency's price declined during the quarter.
The company stated that it has formed a reserve of $3.75 billion to support payments on preferred shares after launching the $BTC monetization program.
Strategy also reported that this $3.75 billion cash reserve is sufficient to cover more than two years of preferred dividend payments and interest obligations. The company recently repurchased $25 million worth of STRC preferred shares at a discount to par and stated its intention to continue repurchasing shares while their price remains below $100.
AI Opinion
From the perspective of machine data analysis, the STRC dividend rate history contains an important precedent. Since its launch in July 2025, the rate moved only upward — from 9% to 11.5% over nine months, but from April to June 2026, the company already kept the rate unchanged despite the falling share price, which drew criticism from the market (data). The current pause at 12% repeats the same behavioral pattern.
A technical nuance remained outside the article: the STRC mechanism is designed as a self-regulating system — when the price falls below par, Strategy suspends the program for issuing new shares via the exchange, which limits one of the channels for replenishing the reserve for Bitcoin purchases. This creates a vicious circle: the share price affects issuance, issuance affects the reserve, and the reserve affects the company's ability to repurchase shares at a discount.
How long the market will accept pauses in the rate as a sign of confidence rather than restraint is an open question.
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