Strategy (NASDAQ: $MSTR), the world’s largest corporate owner of Bitcoin (CRYPTO: $BTC), has elected to hold the dividend rate on its perpetual preferred stock Stretch (NASDAQ: $STRC) at 11.5%.

This is the first time that Strategy, led by Executive Chairman Michael Saylor, has not raised the dividend on the Stretch stock since the product was launched last summer.

STRC debuted in July 2025 with a 9% dividend yield and has since undergone seven dividend hikes. Strategy markets the Stretch stock as a short duration, high yield savings alternative. 

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The perpetual preferred stock pays monthly cash distributions, with the dividend rate adjusted each month to support trading near par of $100 U.S. and limit price volatility.

Strategy uses capital raised from STRC stock to fund its Bitcoin purchases. Those purchases were recently paused after 13 consecutive weeks of buying.  

The high dividend yield makes Stretch stock attractive to investors seeking regular cash payouts. STRC’s next ex-dividend date is on April 14.

Stretch stock is currently trading right at par: $100.02 U.S. per share. MSTR stock has declined 59% over the last 12 months to trade at $124.82 U.S.