MicroStrategy Pauses STRC Dividend Hikes for First Time Since Launch

After consecutive monthly hikes, Strategy (formerly MicroStrategy) held its Stretch (STRC) preferred share dividend steady at 11.5% for April 2026.

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MicroStrategy’s perpetual preferred share debuted last July with a 9% annual dividend. The firm raised the rate every month since then. 

It reached 11.5% in March after a 25 basis-point increase from February’s 11.25%. April marks the first time the board has left the dividend untouched.

“STRC’s dividend rate is adjusted monthly to encourage trading around STRC’s $100 par value and to help strip away price volatility,” the description reads.

The hold also arrives as the firm paused its Bitcoin (BTC) buying. Strategy made no Bitcoin purchases during the week last week, ending a 13-week buying streak. 

It holds 762,099 BTC at an average acquisition price of roughly $75,694 per coin. The firm is sitting on unrealized losses of more than $5.5 billion, according to SaylorTracker. 

Nonetheless, the largest corporate holder of Bitcoin recently revealed a $42 billion at-the-market (ATM) fundraising program. It is split evenly between common stock and STRC.

Meanwhile, STRC has gained notable traction among retail holders. CEO Phong Le disclosed that retail investors now hold roughly 80% of STRC.

That concentration highlights how STRC has attracted individual investors seeking yield-bearing Bitcoin exposure without the volatility of common equity.

In February, Le also outlined the firm’s plans to shift from equity to preferred capital over the course of 2026. Whether the April dividend hold signals a lasting plateau or a temporary pause before further adjustments will depend on where STRC trades through the month. The next rate announcement will come at the end of April.

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