MicroStrategy Holds STRC Dividend at 11.5% as Stock Sees First Monthly Gain

MicroStrategy, the largest publicly traded Bitcoin (BTC) holder, has maintained an 11.5% dividend rate for May on its perpetual preferred stock, Stretch (STRC), marking a third consecutive month at that dividend rate. The volume weighted average price (VWAP) during April came in at $99.76, which was close enough to its $100 par value to justify holding the rate unchanged.

STRC has seen a series of increases since listing in July 2025 with a 9% dividend as the company aims to reduce volatility and keep the price anchored near its $100 par value. MicroStrategy markets STRC as a short-duration, high-yield savings alternative, paying monthly cash distributions. The stock has remained below par since April 15, but based on historical patterns, a return to $100 for STRC is expected next week.

MicroStrategy's common stock has also shown signs of recovery, closing April at $165, up 33%, its first positive month in nine. Bitcoin also rose 12% in April, its best monthly performance since April 2025. Additionally, MicroStrategy is considering a shift to semi-monthly dividend payments for STRC, moving away from its current monthly distribution structure to further reduce volatility.

The company's decision to hold the dividend rate steady comes as the crypto market experiences a mix of trends. Other notable developments include Goldman Sachs' leap into Bitcoin income ETFs with a $2.25 billion NEOS buyout and Wintermute's plans for a $1 billion AI push beyond crypto. As the market continues to evolve, investors will be watching MicroStrategy's strategy closely, particularly with regards to its Bitcoin holdings and the performance of STRC.