# 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.

- Published: 2026-08-03T05:28:57.944Z
- Canonical: https://polylog.news/crypto/2026-08-03/strategy-holds-its-12-preferred-dividend-below-par-breaking
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/strategy-keeps-strc-dividend-at-12-below-90/), [CoinDesk](https://www.coindesk.com/markets/2026/08/01/strategy-holds-strc-dividend-at-12)

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…

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