Strategy Shareholders Approve Daily Dividends on Preferred Stock, With 99.3% in Favor

STRC will begin paying dividends for every calendar day from November, with STRF, STRK and STRD following in January.

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Operational Mechanism of Daily Dividends: Dividends accrue every calendar day, including weekends and holidays, but are bundled for payment on the next business day due to the closure of U.S. markets. This system requires that dividends with record dates on non-trading days are treated as falling on the preceding business day, ensuring alignment with Nasdaq and Depository Trust Company standards.
Corporate Strategy and Market Positioning: Strategy aims to use this structure to dampen volatility and maintain the preferred stock's par value, while supporting its broader 'Bitcoin Treasury' model. By increasing the utility of its digital credit instruments, the company seeks to attract preferred equity capital more efficiently, which in turn acts as a mechanism for continuous Bitcoin accumulation.