Morning Edition · Monday, August 3, 2026Published at 1:28 AM EDT · New York

Strategy Holds Its 12% Preferred Dividend Below Par, Breaking From Its Own Playbook

The STRC security closed at $89.46 against a $100 face value, and rather than raise the rate to support the price, Michael Saylor's firm relied on buybacks and a $3.75 billion cash reserve.

Strategy, the Michael Saylor-led company that holds bitcoin as its primary treasury asset, kept the August dividend rate on its STRC preferred security at 12 percent even as the instrument traded below its $100 face value. crypto.news repor…