STRATEGY PROPOSES DAILY DIVIDENDS TO BRING STRC BACK TOWARD $100

Summary from the TLDR Crypto newsletter

Strategy is seeking shareholder approval on October 28 to implement daily dividend accrual across its four US-listed preferred stocks (STRF, STRC, STRK, and STRD), a timing-only change that leaves existing dividend rates and total payouts unchanged. STRC has traded below its $100 stated value since May, fell to $71 during bitcoin's June correction, and has failed to recover to par despite a 12% annual yield and roughly $1 billion in preferred share repurchases. Daily accrual, paid each subsequent business day, is designed to attract income-focused investors by eliminating reinvestment gaps between distributions and dampening price swings around payment dates. Strategy holds 846,000 BTC acquired at an average cost of $75,416 per coin, meaning bitcoin price moves feed through to these preferred instruments, and the June drawdown in BTC explains STRC's drop below par.