Michael Saylor: STRC Maintains 12% Dividend Rate in August
Michael Saylor announced that the Stretch Dividend Rate will remain at 12.00% in August 2026.
This rate applies to Strategy preferred stock $STRC, with the company's goal to keep its trading price in the range of $99 to $100 over the long term, and to assess adjustments on a monthly basis.
Driven by events, the flow of funds into Bitcoin-related credit products stabilizes high-yield instruments, benefiting Strategy and its holders through continuous dividend coverage, while volatile assets and low-yield fixed income face pressure.
Source: Public Information
ABAB AI Insight
Michael Saylor is converting Bitcoin holdings into dividend-paying credit instruments through Strategy, with the STRC rate gradually increasing from 9% to 12% since its launch in 2025, forming a perpetual preferred stock structure backed by BTC reserves.
In terms of resource mobilization, the company uses proceeds from issuance to continuously increase Bitcoin holdings while establishing dollar reserves to cover dividends, motivated by attracting funds with high fixed returns while maintaining long-term exposure to BTC and per-share Bitcoin growth.
A similar path can be seen in other Bitcoin treasury companies attempting preferred stock or debt instruments, with Strategy currently in a phase of scaling from equity leverage to credit products.
This essentially represents a transfer of pricing power: packaging Bitcoin's volatile assets into relatively stable high-yield credit instruments, with the mechanism relying on adjustable dividends and buybacks to support prices, in exchange for continuous capital inflow for BTC accumulation.
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