Strategy, the world’s largest publicly traded Bitcoin holder, has maintained the 11.5% dividend rate on its perpetual preferred stock, Stretch (STRC). This is the first time the product has not seen a dividend increase since the product launched in July 2025.
STRC debuted in July 2025 with a 9% dividend and has since seen seven dividend increases. The company was able to maintain the current rate after the volume-weighted average price (VWAP) for the month hit $99.95, keeping the shares close enough to their par value of $100.
The strategy positions STRC as a short-duration, high-yielding savings alternative. Perpetual preferred shares pay monthly cash distributions, with the dividend rate adjusted each month to enable near-par trading and limit price volatility.
During Tuesday’s session, STRC remained near par for most of the day. The company is estimated to have purchased over 1,000 BTC, and it took STRC 12 days to return to par after the ex-dividend date. It is likely that shares will continue to trade near par over the next two weeks, leading up to the April 14 ex-dividend date.
Meanwhile, Strive (ASST), the Bitcoin cash asset manager, saw its own favorite perpetual product, SATA, reach $100 for the first time. This allowed the company to issue shares through its Marketplace (ATM) program to fund additional bitcoin purchases. SATA currently offers a dividend rate of 12.7%.
