Strategy, the largest corporate holder of Bitcoin, has conditionally declared daily cash dividends on its STRC preferred stock for November 2026, as the security continues to trade below its $100 par value.

According to a filing with the U.S. Securities and Exchange Commission, the company's board declared a dividend for each calendar day from November 1 through November 30, 2026, with payments beginning on November 2, 2026. The arrangement remains subject to shareholder approval and the implementation of related amendments.

12% Annualized Rate Maintained

Strategy will keep STRC's annualized dividend rate at 12% for November 2026 — the equivalent of $12 per share per year on the security's $100 stated value. Management said it would continue recommending that rate until the stock demonstrates “sustained, healthy trading near $100 per share.”

Despite the elevated yield, STRC slipped 0.2% to $99.32 on Friday, according to Yahoo Finance, leaving the security below its stated value.

STRC is one of Strategy's principal fundraising instruments for financing its Bitcoin purchases. Preferred shares of this kind carry a fixed dividend and rank ahead of common stock in the capital structure, characteristics typically marketed to income-focused investors. STRC's market performance is therefore closely tied to the company's ability to raise fresh capital through preferred-stock issuance — a key channel in its Bitcoin acquisition strategy. The company, formerly known as MicroStrategy, carries a stated value of $100 per share on the security.

Buybacks Have Outpaced Bitcoin Purchases

Strategy has also used share repurchases to support STRC's market. During the week ending October 4, 2026, the company repurchased $176 million worth of the preferred stock — more than six times the $28 million it spent on Bitcoin purchases during the same period. Buybacks reduce the number of shares outstanding and the supply of STRC available to trade.

In that week's Bitcoin acquisition, the company added 250 BTC for $21.5 million, bringing its total holdings to 848,250 BTC.

Shift to Daily Payments

The proposed daily dividend structure follows Strategy's June introduction of a capital framework that allows the company to sell Bitcoin to help fund dividend payments. The company also raised STRC's annualized dividend rate to 12% at that time.

Daily payouts stand out among listed preferred securities, which conventionally pay dividends on monthly or quarterly schedules. By moving to daily dividends, Strategy aims to make the security more attractive to investors and help stabilize its price around $100 — a level that could, in turn, support the company's capacity to raise fresh capital for further Bitcoin acquisitions.

The original report was published by BitcoinKE.