Strategy (MSTR), the largest publicly traded bitcoin 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.
Strategy markets STRC as a short-duration, high-yield savings alternative, paying monthly cash distributions.
STRC is currently trading at $99.75 and has remained below par since April 15. Based on historical patterns, a return to $100 for STRC is expected next week.
MSTR common stock has also shown signs of recovery, closing April at $165, up 33%, its first positive month in nine.
The stock fell fell 75% across eight consecutive losing months from August 2025 to March 2026, according to TradingView data.
Bitcoin also rose 12% in April, its best monthly performance since April 2025.
In addition, Strategy is considering a shift to semi-monthly dividend payments for STRC, moving away from its current monthly distribution structure to further reduce volatility.
Read More: Why Michael Saylor’s Strategy decided to make STRC’s dividend bi-monthly
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