Strategy is the world’s largest publicly traded Bitcoin holder, and its perpetual preferred stock, Stretch (STRC), has a dividend yield of 11.5%. This marks the first time the product has not seen a dividend increase since its launch in July 2025.
STRC first launched in July 2025 with a 9% dividend yield and has experienced seven dividend increases since then. After the volume-weighted average price (VWAP) hit $99.95 for the month, the company was able to maintain the current exchange rate, keeping the stock close enough to par value of $100.
The strategy positions STRC as a short-term, high-yield savings alternative. Perpetual preferred shares pay monthly cash distributions and the dividend rate adjusts monthly to support trading near par value and limit price fluctuations.
In Tuesday’s trading, STRC remained near parity for much of the day. The company is estimated to have purchased over 1,000 BTC, and it took STRC 12 days after the ex-dividend date to return to par value. The stock will likely continue to trade close to par over the next two weeks, leading up to its ex-dividend date on April 14.
Meanwhile, the price of Bitcoin Treasury Asset Manager Strive’s (ASST) perpetual go-to product SATA reached $100 face value for the first time. This allows the company to issue shares through its marketplace (ATM) program to fund additional Bitcoin purchases. SATA currently offers a dividend yield of 12.7%.
