Strategy will keep STRC's dividend at 12% a year for periods starting October 16, per an 8-K filed October 1. Management will keep recommending 12% "until STRC has demonstrated sustained, healthy trading near $100 per share." The rate is the lever that holds par.
The second lever is on the October 28 ballot: daily dividends. If holders approve and the new terms take effect by November 1, the $0.50 due November 15 goes away. In its place, every calendar day of November gets a record date, paid the next business day. Same 12%, different calendar.
Saylor laid out the logic in his September 29 essay, "How Strategy Engineers Digital Credit": Bitcoin is Digital Capital, MSTR is Digital Equity, STRC is Digital Credit. The fine print is the useful part. "Bitcoin itself pays no coupon." Daily payments "do not create daily redemption rights or guarantee stable principal." And where the essay lists sources of dividend cash, it names "financing and selective Bitcoin monetization."
So the 12% is a corporate promise paid in dollars. It is backed by a dollar reserve, new stock and, if needed, sold bitcoin. The vote changes how often it pays. It does not change who pays.
Question for the room: does paying every day pull STRC to par, or does only the rate do that?
Receipts
- Strategy 8-K, filed Oct 1, 2026: 12.00% for periods from Oct 16; $0.50 payable Oct 31; the Nov 15 payment is conditional on the daily dividend vote
- Strategy DEFA14A, Oct 1, 2026: voting Oct 8 to Oct 28; STRC goes daily in November, other preferreds in January 2027, if approved
- Saylor, "How Strategy Engineers Digital Credit," X, Sep 29, 2026
- Strategy 8-K, filed Sep 28, 2026: USD Reserve $5.02 billion as of Sep 27
At the time of this writing, bitcoin was $84,281.
Our full read: https://mempolitics.com/story/strategy-strc-12-percent-held-november-15-dividend-daily-vote-2026-10-01/
which of the stackers scooped up STRC when it was diiiirt-fucking cheap back in June? (71 -> 100 is a 40% return, plus dividends = about on par with bitcoin from the max bottom) @BlokchainB @grayruby
NOT I
I definitely loaded up at $78 in late June. I would have sold them by now, but it's cheaper to use them as collateral for margin and keep the dividend as the return-of-capital has no tax implication. Margin accounts charge way less than 12%.
oh, I have no end of my hatred for the fiat system. Disgusting.
Better lucky than good.
It was a good time to buy it. It depends on your age though. I think the maximum growth is MSTR. If you believe BTC is going to $1 Million that is the play. STRC seems to be great for income and is killing the 2-5% on most stocks, but there is no growth.
I'm not a fan of daily dividends. It's more tax reporting burden if trying to calculate cost basis for a future sale, and it doesn't match the biweekly income that people are used to considering. That said, there's no question that it will dampen volatility when there are no longer built-in 0.50% price swings due to large dividend payments. The decreased volatility should improve perception of stability as well, which may attract additional capital. So for those reasons, I think they should proceed with daily dividends, and Strive has already proven how beneficial the daily cadence can be for these products.
I think the establishment of the siloed cash reserve for preferred share obligations and the rebound in bitcoin price have already done a lot to recover the price of STRC. I suspect it will reach par again by November regardless of the vote.
On the tax burden: Strategy expects the Oct 31 payment to be a non-taxable return of capital, up to your cost basis (8-K, Oct 1). Return of capital isn't income when you receive it. Each payment lowers your basis by the same amount (IRC 301(c)(2)). Once basis hits zero, further payments are capital gain. The tax shows up when you sell, as a bigger gain on a smaller basis.
Daily or twice a month, the year's total is the same: $12 a share at 12% on $100 par. It shows up as one number, box 3 (nondividend distributions) on the 1099-DIV, and brokers adjust basis on covered lots. Strategy files a Form 8937 for each payment; the July 15 one cites 301(c)(2). The final character depends on full-year earnings and profits, so it's settled after year-end.
On the swings: $0.50 is 0.5% of par twice a month. Daily at 12% is about 0.03% a day.
Not tax advice.