Michael Saylor, executive chairman of MSTR, the largest publicly traded holder of Bitcoin, said: BTC$78,365.32 raised the February stretch preferred stock (STRC) dividend rate by 25 basis points to 11.25%.
Strategy describes Stretch (STRC) as a short-term, high-yield savings account. This is the sixth increase for STRC since it first traded in July 2025.
STRC is a perpetual preferred stock that pays monthly cash distributions, with a dividend rate set monthly to encourage trading around the $100 par value and limit price volatility. STRC closed Friday at $98.99, just below par.
According to the company’s dashboard, Strategy has raised $2.25 billion in reserves to fund its perpetual preferred stock dividend obligations, totaling approximately $887 million annually.
The announcement regarding X comes after Bitcoin fell below $76,000 on Saturday, temporarily pushing Strategy’s average Bitcoin cost basis below the surface. The largest cryptocurrency has since rebounded, recently trading near $78,000.
