Strategy proposes daily dividend accrual on four preferred share series ahead of Oct. 28 vote
Strategy filed a preliminary proxy to accrue dividends every calendar day on STRF, STRC, STRK and STRD, with common shareholders voting Oct. 28 on the amendments.
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Why it matters
Strategy's preliminary proxy argues that better demand for the preferred shares could improve its access to capital for bitcoin purchases and support its Amplification and Bitcoin Per Share measures, and Unchained reports the amended terms would let the company name extra business days, which the filing says could eventually allow payments seven days a week. Whether faster payments attract buyers is unproven: CryptoSlate noted that before the announcement STRF traded above $100, STRC close to it, and STRK and STRD in the low $70s, and called those prices a trading baseline rather than evidence of the effect of the change.
Where the sources disagree
Switchover date for STRF, STRK and STRD
Last quarterly payment Dec. 31, daily accrual from Jan. 1
Decrypt
Quarterly schedule through a Dec. 15 record date, first daily payment Jan. 4, 2027
Unchained
Decrypt reported the three quarterly series make their last old-schedule payment on Dec. 31 and switch on Jan. 1, while Unchained's account of an investor presentation says they keep a quarterly schedule through a Dec. 15 record date with a first daily payment on Jan. 4, 2027.
Whether an effective date has been set
No effective date, daily record dates or series-level approvals specified
CryptoSlate
Expected first daily record date Nov. 1 for STRC; first daily payment Jan. 4, 2027 for STRF, STRK and STRD
Unchained
CryptoSlate said Strategy has not set an effective date and that Saylor's post named no record dates or series-by-series approvals, while Unchained reported expected first daily record dates of Nov. 1 for STRC and a first daily payment Jan. 4, 2027 for the other three.
Day of the week the proposal was announced
Thursday
Decrypt
Friday
Unchained, CryptoSlate
Decrypt dated Saylor's announcement to Thursday, while Unchained placed the preliminary proxy filing on Friday and CryptoSlate said the @saylor account posted on Friday.
Key facts
Strategy's board approved the daily dividend proposal on Sept. 24 and the company filed a preliminary proxy statement with the SEC on Sept. 25.
Reported by Decrypt
Every calendar day, including weekends and holidays, would become a dividend record date on STRF, STRC, STRK and STRD, with the declared dividend paid on the next business day.
Reported by Decrypt
Dividend rates and total annual dividend obligations would not increase or decrease under the amendments.
Reported by Unchained
Common shareholders of record as of Sept. 25 vote at a virtual special meeting on Oct. 28, and a definitive proxy statement is due Oct. 5.
Reported by Decrypt
STRC has $9.3 billion in notional value outstanding.
9,300,000,000 USDReported by Unchained
At an illustrative 12% rate a $100 STRC share would earn three or four cents a day, with daily amounts rounded down to the cent and the 15th and month-end amounts trued up each half-month.
12 %Reported by Unchained
The amended terms would let Strategy name extra business days, which the filing said could eventually allow payments seven days a week.
Reported by Unchained
Strategy's Aug. 31 dividend declaration still sets quarterly payments for STRF, STRK and STRD and twice-monthly payments for STRC, and the company has set no effective date for daily accrual.
Disputed figureReported by CryptoSlate
What happened
Strategy's board approved a plan on Sept. 24 and the company filed a preliminary proxy statement with the SEC on Sept. 25 to make every calendar day a dividend record date on its four U.S. preferred series, STRF, STRC, STRK and STRD, with payment on the next business day and with dividend rates and total annual payouts unchanged. Common shareholders of record as of Sept. 25 vote at a virtual special meeting on Oct. 28, a definitive proxy statement is due Oct. 5, and both shareholder approval and subsequent board declarations are required. Unchained, citing an investor presentation, reported that STRC, which has $9.3 billion in notional value outstanding, would leave its semi-monthly schedule after an expected Oct. 15 record date, with a first daily record date Nov. 1 paid Nov. 2, while STRF, STRK and STRD would run quarterly through a Dec. 15 record date and make their first daily payment on Jan. 4, 2027; Decrypt instead reported that those three pay for the last time on Dec. 31 before switching on Jan. 1. Decrypt said STRC moves first, and Unchained put the daily amount at an illustrative 12% rate of three or four cents on a $100 STRC share, with daily amounts rounded down to the cent and the 15th and month-end amounts trued up each half-month. Saylor wrote on X that the change aims to support price stability, liquidity and demand, and Strategy's proposal page says approval would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability, with better demand potentially improving access to capital for bitcoin purchases. CryptoSlate said the Saylor post named no effective date, no daily record dates and no series-by-series approvals, noted that Strategy's Aug. 31 dividend declaration still sets quarterly payments for STRF, STRK and STRD and twice-monthly payments for STRC, and said nothing published shows daily payments would lift demand, prices or funding.
How the story developed
- Official statement
Strategy board approves the daily dividend proposal
NewsBTC reported the board approved the proposal on Sept. 24, with the SEC filing made the following day.
- First report
First report by Decrypt
Strategy Wants Its Preferred Stock Dividends to Accrue 365 Days a Year
- Update
Saylor posts the proposal and Strategy files the preliminary proxy
The @saylor account said dividends on STRF, STRC, STRK and STRD would accrue every calendar day and pay the next business day, and Strategy filed its preliminary proxy statement the same day.
- Independent corroboration
Independently corroborated by Unchained
Strategy Seeks Shareholder Vote to Pay Daily Dividends on STRC and Three Other Preferreds
- Update
Unchained details the switchover dates and the daily STRC amount
Unchained cited an investor presentation giving an expected last semi-monthly STRC record date of Oct. 15, a first daily record date of Nov. 1 paid Nov. 2, and a first daily payment of Jan. 4, 2027 for the other three series.
- Update
CryptoSlate questions the demand case
CryptoSlate said no effective date or series-level approvals were given, that the current Aug. 31 declaration still sets quarterly and twice-monthly payments, and that nothing shown demonstrates daily payments would lift demand, prices or funding.
- Official statement
Official statement from Bitcoin.com News
Saylor’s Strategy Proposes Dividends That Accrue 365 Days a Year
- Update
NewsBTC reports the board approval date and unchanged dividend obligations
NewsBTC said the amendments would not increase or decrease the regular dividend obligation and that shareholder approval is still required.
- Update
Crypto News reports the STRC volatility record
Crypto News said Strategy's move from monthly to semi-monthly STRC dividends cut ex-dividend price drops from 49 to 36 basis points, and that daily accrual could reduce volatility further, though it does not guarantee that.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 25 Sept 2026, 13:22 UTC: Decrypt — 1 independent source, 1 reports
- 25 Sept 2026, 15:02 UTC: Unchained — 2 independent sources, 2 reports
- 25 Sept 2026, 17:00 UTC: CryptoSlate — 3 independent sources, 3 reports
- 25 Sept 2026, 19:50 UTC: Bitcoin.com News, official — 4 independent sources, 4 reports
- 26 Sept 2026, 18:30 UTC: NewsBTC — 5 independent sources, 5 reports
- 27 Sept 2026, 03:12 UTC: Crypto News (CryptoNews.net) — 6 independent sources, 6 reports
Affected entities
Also mentioned: Nasdaq
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Saylor’s Strategy Proposes Dividends That Accrue 365 Days a Year | Independent | |
| Decrypt Crypto media | Strategy Wants Its Preferred Stock Dividends to Accrue 365 Days a Year | Original | |
| Unchained Crypto media | Strategy Seeks Shareholder Vote to Pay Daily Dividends on STRC and Three Other Preferreds | Independent | |
| CryptoSlate Crypto media | Strategy’s daily dividend proposal puts Bitcoin funding back in investors’ hands | Independent | |
| NewsBTC Crypto media | Strategy Wants To Pay Preferred Stock Dividends Every Day | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Strategy’s STRC plan could bring 365 dividend record dates – Details | Syndicated |
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