STRC Finally Catches Its Breath: Strategy's Perpetual Preferred Holds 11.5% After Seven-Month Binge

After seven months of relentless dividend hikes, Strategy's STRC finally hit snooze. The perpetual preferred kept its payout steady at 11.5% for April—the first time it's gone without an increase since launching in July 2025. Call it maturity, call it exhaustion, but the streak had to end somewhere.

The product debuted at a 9% dividend like a degen fresh off a winning trade, and proceeded to chase higher yields with the enthusiasm of someone discovering leverage for the first time. Seven consecutive increases later, the 30-day volume weighted average price settled at $99.95—close enough to its $100 par value to justify taking a breather. Math works like that sometimes.

STRC markets itself as a short duration, high yield savings alternative for those who want Bitcoin exposure without the emotional damage of watching their portfolio bleed on Twitter. It pays monthly cash distributions, with the dividend rate adjusted each month to keep shares trading near par and prevent premium holders from crying into their Chartistats. During Tuesday's session, STRC held close to par for most of the day—like a coiner who finally learned about stop losses.

The company is estimated to have accumulated over 1,000 BTC, because of course they have, and