Strategy (MSTR), the largest publicly traded bitcoin holder, has kept its May dividend rate for Stretch (STRC) perpetual preferred stock steady at 11.5%, marking the third month in a row at this level.
The volume weighted average price during April was $99.76, nearly reaching its par value of $100, allowing the company to maintain the current rate.
Since STRC’s listing in July 2025 with an initial dividend of 9%, there have been several increases aimed at reducing volatility and keeping the stock near its $100 par value.
STRC is marketed as a short-duration, high-yield savings alternative, offering monthly cash distributions. It is currently trading just below par at $99.75 since April 15. Historical trends suggest that STRC could return to $100 by next week.
MSTR common stock also demonstrated recovery in April, closing at $165, up 33%, marking its first positive month in nine. The stock had fallen by 75% over eight consecutive losing months from August 2025 through March 2026, as per TradingView data.
Bitcoin experienced a 12% rise in April, its best monthly performance since April 2025.
Moreover, Strategy is evaluating a change to semi-monthly dividend payments for STRC, shifting away from the current monthly structure to further mitigate volatility.