The Bitcoin treasury strategy proposes daily dividend payments on preferred stocks.

Bitcoin treasury company Strategy, the largest corporate holder of bitcoin, said Friday it has asked shareholders to approve a plan to pay investors dividends that accrue every calendar day on four preferred stocks: STRF, STRC, STRK and STRD. The accrual would continue on weekends and holidays, and shareholders will vote on the proposal at a meeting on October 28. Strategy said it believes the change would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability.

Daily Accrual, Next-Business-Day Payment

The proposal would make dividends accrue every calendar day on $STRF, $STRC, $STRK and $STRD, then pay them on the next business day. The economics of the instruments would remain unchanged. Michael Saylor (@saylor) posted the plan on September 25, 2026, saying the proposed changes aim to support price stability, liquidity and demand.

The company’s statement said, “If approved and adopted, we believe this would reduce reinvestment lag, enhance liquidity and market efficiency, and increase price stability.” The voting timeline gives shareholders a clear next step: if approved, the daily accrual model would become part of the dividend mechanics for the four preferred stocks.

Benefits Framed for Preferred and Common Stockholders

Friday’s announcement claimed the move would help both investors and common stockholders. Strategy said the enhancements could also benefit common stockholders by increasing the attractiveness and utility of its Digital Credit instruments, supporting its ability to access preferred equity capital efficiently and expanding the capital markets toolkit used to execute its Bitcoin Treasury strategy.

That places the proposal inside Strategy’s broader financing structure. Investors can buy its shares for heightened exposure to bitcoin, or receive a yield through its digital credit products. Daily accrual would not change the economics behind the preferred stocks, but it would change how continuously dividends build up and when holders receive them.

From MicroStrategy to Bitcoin Treasury

Strategy, formerly MicroStrategy, is an enterprise software company that pivoted to buying and holding bitcoin in 2020. It first bought the cryptocurrency to protect its shareholders from inflation. Since then, it has aggressively bought the asset and pivoted to being a bitcoin treasury.

The company’s history explains why its stock and preferred-stock instruments are tied to its bitcoin treasury model. Strategy has used its balance sheet and capital markets tools to link shareholder exposure to bitcoin, while also offering yield-bearing preferred instruments. The proposed dividend change is the latest adjustment to that toolkit.

Slower Buying, Selling Program and Latest Purchase

Strategy slowed down its aggressive bitcoin buys this year, as the largest cryptocurrency fell into a bear market. The Nasdaq-listed company instead focused on protecting its balance sheet and sold chunks of its bitcoin.

The company would buy bitcoin every Monday, but it slowed its purchases after announcing a program under which it may sell BTC from time to time to generate up to $1.25 billion in proceeds for the USD reserve, additionally fund preferred stock dividends and interest expenses or fund repurchases.

In a filing on Monday, Strategy said it had last week bought 950 bitcoins for $75.7 million, its first buy since August. The filing shows the company is still adding bitcoin, but after a period of slower buying and greater attention to balance-sheet protection.

Stock Performance and the Vote Ahead

Its Nasdaq-listed stock, MSTR, is down nearly 50% over the past year after the price of bitcoin took a hit. But since the company started buying bitcoin in 2020, MSTR has appreciated by nearly 1,000%.

The October 28 vote is the immediate next event. If approved and adopted, Strategy would pay dividends on STRF, STRC, STRK and STRD based on daily accrual, including weekends and holidays, with payment on the next business day and economics unchanged. The proposal was reported by Bitcoin Magazine in an article written by Mathew Di Salvo.