Strategy Moves STRC Preferred to Daily Dividends at 12.00%, Keeps $21B ATM Open
MSTR sits 61% above its 52-week low of $81.81.
Summary
Strategy amended its STRC preferred to pay dividends every business day from November 3, 2026, with a 12.00% initial annual rate and the up-to-$21 billion ATM unchanged. The filing states cash dividends will be funded mainly by selling more class A stock.
Key Events · Financing and Capital Events · MSTR
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STRC Dividends Move to Daily
A second amended and restated certificate of designations, effective November 1, 2026 at 12:01 a.m. ET, changes regular dividends on the Variable Rate Series A Perpetual Stretch Preferred from two times per month to each business day, with the first payment November 3, 2026.
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Initial Rate Set at 12.00%
The November 2026 monthly regular dividend rate per annum is 12.00% on the $100 stated amount; thereafter Strategy may reset the rate monthly, with reductions capped at 25 basis points plus any SOFR excess.
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Dividends Funded by More Stock Sales
The filing states Strategy expects to fund cash dividends on the STRC Stock primarily through additional at-the-market offerings of class A common stock, with the $21 billion STRC ATM unchanged in size.
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Preferred Trades Below Stated Amount
STRC closed at $99.13 on October 30, 2026, below its $100 stated amount, so the 12.00% rate is being paid on a security the market values slightly under par.
Analysis · MSTR · Crypto Assets
Strategy is switching its STRC preferred from twice-monthly to daily dividend payments starting November 3, 2026, with the November rate set at 12.00% a year on the $100 stated amount. The mechanics matter more than the cadence: the company keeps unilateral power to reset the rate each month, and the filing says cash dividends will be funded primarily by selling more class A common stock through at-the-market programs. That makes the preferred dividend a standing claim on future equity issuance — every dollar paid to STRC holders is another dollar of common stock sold into the market. The $21 billion STRC ATM itself is unchanged, so this is a terms amendment, not a new raise.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MSTR was trading at $131.82 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $55.1B. The 52-week trading range was $81.81 to $276.32. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.