Michael Saylor, executive chairman of Strategy (MSTR), the largest publicly traded holder of Bitcoin Increased February dividend yield on preferred stock Stretch (STRC) by 25 basis points to 11.25%.
Strategy describes Stretch (STRC) as a short-term, high-yield savings account. This is STRC’s sixth increase since it first traded in July 2025.
STRC is a perpetual preferred stock that pays monthly cash distributions and has a dividend rate set monthly to encourage trading near $100 par value and limit price fluctuations. STRC closed Friday at $98.99, slightly below average.
Strategy has raised $2.25 billion in reserves to fund dividend obligations on its perpetual preferred stock, totaling about $887 million annually, according to the company’s dashboard.
X’s news comes after Bitcoin fell below $76,000 on Saturday, causing Strategy’s average Bitcoin cost basis to briefly fall. The largest cryptocurrency has since rebounded, recently trading near $78,000.