Bitcoin-holding company Strategy is seeking to change the dividend system for four U.S.-listed preferred stocks, including STRC, to a daily basis. It is not raising the dividend rate or total payout. Instead, it would break the dividend record date into daily increments to bring forward the payment cycle.

Cointelegraph and filings with the U.S. Securities and Exchange Commission (SEC) on Sept. 25 showed Strategy's board approved a proposal to change the dividend structure for STRF, STRC, STRK and STRD. Shareholders will vote on it at an online extraordinary general meeting on Oct. 28.

If approved, every calendar day, including weekends and holidays, becomes a dividend record date, and the dividend is paid on the next business day. The existing dividend rate and the company's overall dividend burden do not change. STRC is set to use Nov. 1 as the first record date and pay its first dividend on Nov. 2. STRF, STRK and STRD will apply the same method from January 2027.

The plan is similar to the daily dividend model Strive introduced for its SATA preferred stock, but differs in structure. Strive has been paying dividends every business day since June 16. Strategy, by contrast, includes weekends and holidays in the dividend record date.

Strategy calls such preferred securities "digital credit" and is fostering them as income products using a bitcoin-focused capital structure. The floating annual dividend rate on its flagship product STRC is currently 12 percent. STRC fell as low as $71.25 intraday in June, but has recently recovered to near $100.

Phong Le (퐁 레), Strategy's chief executive officer, cited larger-than-expected leverage inflows as the reason for the sharp drop at the time. Some investors borrowed funds with bitcoin as collateral to buy STRC, and selling intensified after bitcoin's price decline led to collateral pressure, he said. The company is also operating a policy to secure dollar liquidity and buy STRC when it trades below its par value of $100.