Saylor's Stretch Dividend Hits Snooze: STRC's Relentless Yield Climb Finally Takes a Breather

In what might be the most shocking development since Michael Saylor discovered he's actually a Bitcoin maximalist, Strategy (formerly MicroStrategy) has decided to NOT raise its STRC preferred share dividend for the first time since launch.

The Stretch (STRC) dividend will hold steady at 11.5% for April 2026, ending a streak of consecutive monthly hikes that began when the perpetual preferred shares debuted last July at a modest 9%. The rate climbed its way up to 11.5% in March after a 25 basis-point bump from February's 11.25%—but apparently even unstoppable yield trains need a pit stop sometimes.

The monthly adjustments exist to encourage trading around STRC's $100 par value and smooth out price volatility, according to the official description. Meanwhile, the firm also pressed pause on its Bitcoin buying, breaking a 13-week purchasing streak. Strategy now sits on 762,099 $BTC with an average acquisition price of roughly $75,694 per coin—and an unrealized loss of more than $5.5 billion, per SaylorTracker.

Retail holders have piled in heavily, with CEO Phong Le noting that individual investors now control roughly 80% of STRC. The appeal? A juicy 11.5% dividend yield with less volatility than every S&P 500 component and every major asset class over the past month. In February, Le outlined plans to shift from equity to preferred capital throughout 2026. Whether this April hold is a temporary pause or the beginning of a plateau remains to be seen—STRC will need to find its footing through the month before the next rate announcement drops at month-end.