- Michael Saylor opens STRC vote to shift dividends to semi-monthly payouts.
- STRC proposal targets improved liquidity and reduced reinvestment delays.
- STRC remains central to Saylor’s digital credit model tied to Bitcoin-backed capital.
Michael Saylor has opened a shareholder vote to approve changes to the dividend structure of Strategy’s STRC preferred stock, marking a new step in the company’s changing capital framework. The proposal seeks to shift dividend payments from a monthly to a semi-monthly schedule, with voting already underway and set to conclude on June 8.
The move follows a recent $255 million Bitcoin purchase disclosed on April 27, placing the proposal within a broader sequence of corporate actions tied to the firm’s balance sheet strategy.
STRC Dividend Proposal Moves to Shareholder Vote
The proposed amendment centers on payment frequency rather than yield changes. The strategy stated that shifting to semi-monthly distributions could reduce reinvestment delays and improve liquidity conditions in the market. According to the company, more frequent payouts may also improve the instrument’s pricing efficiency.
Voting eligibility is limited to shareholders who held STRC shares as of April 17. The process began on April 28, following the release of the definitive proxy, and will end in a shareholder meeting scheduled for June 8. If approved, the updated structure is expected to take effect later in the quarter. The first record date under the revised schedule is June 30, with payments scheduled for July 15.
Voting Process and Shareholder Access
Strategy indicated that shareholders can participate through brokerage platforms or by using control numbers provided in proxy materials. Digital communications include voting links and credentials, while physical proxy cards are issued to those receiving mailed documentation.
The company noted that proxy voting procedures may vary across brokers, particularly for investors outside the United States. As a result, shareholders have been advised to confirm voting eligibility and procedures directly with their brokerage firms.
Saylor Links STRC to Broader Credit Strategy
The voting process follows remarks Saylor delivered at the Bitcoin 2026 conference, where he outlined the conceptual framework behind STRC. Described as a variable-rate perpetual preferred stock, the instrument trades near $100 par value and carries an annualized dividend rate of 11.5%, distributed monthly under the current structure.
Saylor positioned STRC within a broader model he called “digital credit,” distinguishing it from traditional private credit markets. He described the instrument as designed to provide consistent cash flow while separating Bitcoin-related volatility from the payout structure.
In his presentation, Saylor also referenced historical use of preferred capital in 19th-century U.S. railroad financing, stating that Strategy’s approach represents a modern adaptation built on Bitcoin-backed capital structures.
Related: Michael Saylor Unveils Bitcoin Digital Credit Strategy at Strategy World
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