STRC is Strategy’s perpetual preferred stock. It pays a variable, cumulative cash dividend only when declared and legally payable; Strategy can redeem shares under specified terms, while holders have no general right to demand redemption or routinely convert STRC into Strategy common stock. The current annualized rate is 12.00% for record dates beginning in October 2026, but that rate can change and is not a guaranteed return.
How STRC dividends work
Each STRC share has a $100 stated amount, which is the basis for calculating its dividend. Strategy describes the dividends as cumulative and variable-rate: unpaid regular dividends accrue under the security’s terms, and the original offering announcement says unpaid dividends may accrue compounded dividends. Cumulative does not mean a payment is assured on any particular date.
Dividends are payable in cash only when, as, and if declared by Strategy’s board or an authorized committee, and only from legally available funds. Strategy’s investor page lists a 12.00% annualized variable dividend rate for record dates beginning in October 2026. The issuer can adjust the rate monthly, and says it may become significantly lower; the stated rate does not promise that a dividend will be declared or paid. See Strategy’s STRC investor information.
The annualized rate is calculated on the $100 stated amount, not necessarily on what an investor paid for a share. If STRC trades above or below $100, the rate alone does not tell you the income yield on your purchase price or your total return. Market price changes, dividend declarations, and any eventual redemption or sale all affect an investor’s outcome.
When STRC dividends are paid
Announced semi-monthly schedule
In a June 8, 2026 release, Strategy said shareholders approved moving STRC from monthly to semi-monthly dividend record and payment dates. The announced schedule uses record dates on the 15th and last day of each month, with payment on the subsequent record date, subject to board declaration. Strategy President and CEO Phong Le said the change was designed to support price stability, liquidity, and reinvestment opportunity; those are stated objectives, not guaranteed results. The release is available at Strategy’s June 8, 2026 announcement.
Daily dividends are a conditional proposal, not an established schedule
A September 29, 2026 Strategy article discussed a proposal for daily dividends on U.S.-listed preferred securities. It described daily accrual, including weekends and holidays, and payment on the next business day when declared, if the proposal were approved and adopted. That conditional discussion does not establish that STRC’s daily cadence has taken effect. Check the current investor information and STRC dividend history for operative dates. Strategy says expected dates remain subject to board declaration, and a payout date falling on a non-business day moves to the next business day. Historical payment entries are not promises of future payments.
Rank #2
Can Strategy redeem STRC?
Yes. Under the terms described in Strategy’s July 25, 2025 offering announcement, Strategy may elect to redeem all shares or eligible whole-number portions on or after listing. The ordinary redemption price is $101 per share—or a higher amount Strategy chooses—plus accumulated and unpaid regular dividends through and including the redemption date. For a partial redemption, at least $250 million of aggregate stated amount must remain outstanding and not be called for redemption when notice is given.
The announcement also describes two special all-share redemption provisions:
Do these 3 things before closing this tab:
1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitches- Clean-up redemption: Strategy may redeem all shares if the number outstanding falls below 25% of the shares originally issued across offerings.
- Tax redemption: Strategy may redeem all shares under the specified tax-related conditions.
For these special redemptions, the price is based on the stated liquidation preference as of the relevant date, plus accumulated and unpaid dividends through the redemption date. The detailed conditions appear in the governing documents; review the latest certificate of designations and offering materials for amendments. The dated offering announcement is at Strategy’s July 25, 2025 announcement.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Can an STRC holder demand redemption?
Not as a general option. The issuer’s right to call shares is different from a holder’s right to put them back. STRC holders cannot ordinarily require Strategy to redeem shares at $100 or at the market price.
A limited exception applies after an event that qualifies as a “fundamental change,” subject to the instrument’s limitations. In that case, a holder may require repurchase of some or all shares for the $100 stated amount plus accumulated and unpaid regular dividends through the fundamental-change repurchase date. This is a conditional contractual right, not an on-demand cash-out feature.
Can STRC convert into Strategy common stock?
The STRC offering announcement and current issuer information describe dividend, redemption, and fundamental-change repurchase terms, but do not describe a routine holder right to convert STRC into Strategy common stock. Do not assume that conversion provisions applying to Strategy convertible notes or another preferred series also apply to STRC. The current certificate of designations and any amendments are the controlling documents for the security’s exact rights.
What STRC’s terms mean for risk
Strategy says STRC is not collateralized by its bitcoin; holders have a preferred claim only on residual company assets. The security is also not a bank deposit and is not FDIC-insured, nor does it have the protections of bank accounts, money-market funds, or Treasury securities. Strategy warns that dividends, liquidity, returns, and future performance are not guaranteed. Its investor information states, “There is no guarantee for STRC of returns, liquidity, or future performance.” See Strategy’s STRC risk information.
When evaluating STRC, distinguish the issuer’s stated dividend rate from a guaranteed yield or return, and consider market-price volatility, liquidity, the issuer’s ability to pay, and who controls redemption. The stated rate and cash-payment structure do not make STRC a cash equivalent or a guaranteed high-yield product.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
