Strategy (MSTR), the largest publicly traded bitcoin holder, maintained a dividend rate of 11.5% for May on its perpetual preferred stock, Stretch (STRC), marking a third consecutive month at this dividend rate.
The volume-weighted average price (VWAP) in April stood at $99.76, which was close enough to its face value of $100 to justify keeping the rate unchanged.
STRC has seen a series of increases since listing in July 2025 with a 9% dividend, as the company aims to reduce volatility and keep the price anchored near its par value of $100.
The strategy presents STRC as a short-term, high-yielding savings alternative, paying monthly cash distributions.
STRC is currently trading at $99.75 and has remained below par since April 15. Based on historical trends, a return to $100 for STRC is expected next week.
MSTR common stock also showed signs of recovery, closing April at $165, up 33%, its first positive month in nine months.
The stock fell 75% over eight straight losing months from August 2025 to March 2026, according to TradingView data.
Bitcoin also rose 12% in April, its best monthly performance since April 2025.
Additionally, Strategy plans to move to bi-weekly dividend payments for STRC, moving away from its current monthly distribution structure to further reduce volatility.
Read more: Why Michael Saylor’s strategy decided to make the STRC dividend bi-monthly
