Strategy Seeks Daily Dividend Approval from Shareholders

Strategy, a Bitcoin treasury-focused public company, has proposed a change to its preferred stock dividend schedule. The move aims to transition from periodic payouts to daily dividends for its four 'digital credit' securities.

The proposed amendments would maintain the same dividend rates and total payout amount, but alter the timing of record dates to occur on every calendar day. This shift is similar to Strive's earlier adoption of a daily dividend model.

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Strategy's board approved the proposal on Thursday. Shareholders will vote on the amendments during a virtual special meeting scheduled for October 28th.