Strategy plans daily dividend accrual on STRC preferred stock
- —Dividends on STRC would accrue every calendar day, including weekends and holidays
- —CEO Phong Le said launch would follow about a week after approval
- —Strategy calls STRC the first security with calendar-daily dividend accrual
- —Timing and implementation depend on regulatory approval, which is still pending
Why it matters: If approved, the bitcoin treasury company's preferred shares would offer a payout schedule unusual for traditional capital markets.
Source: Bloomingbit