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