MicroStrategy Proposes Daily Dividends on Preferred Securities

MicroStrategy, a company known for its Bitcoin treasury holdings, has proposed introducing daily dividends on its preferred securities. If approved, holders of STRD, STRK, STRC, and STRF shares will receive a daily dividend payout, which will be paid out on a 24/7 basis.

The proposal aims to boost market efficiency, improve liquidity, and reduce reinvestment lag. MicroStrategy claims that daily dividends will incentivize more investors to buy the equities and enhance demand for the underlying assets.

The voting period for the proposal is scheduled to commence on October 5th and conclude on October 8th. If approved, STRC will be the first of the MicroStrategy equities to introduce daily dividends in early November, with the other three equities following suit in January next year.