Strategy shareholders have approved the Daily Dividends amendment, a plan to let the company's four preferred stocks accrue dividends every calendar day, including weekends and holidays, with preliminary results showing 99.3% of votes cast in favor, the Bitcoin treasury company's chairman Michael Saylor said on Wednesday. The vote took place at a special meeting of stockholders held the same day, and the company announced the outcome in a statement.

The amendment covers Strategy's STRF, STRC, STRK and STRD preferred stocks, according to Saylor, who thanked shareholders who took part in the vote. Preferred shares typically pay fixed dividends and rank ahead of common stock in a company's capital structure, which makes the mechanics of when dividends accrue and settle a practical concern for holders.

$MSTR shareholders have approved the Daily Dividends amendment. Preliminary results show 99.3% of votes cast were in favor. The amendment enables $STRF , $STRC , $STRK and $STRD to accrue dividends every calendar day. Thank you to all who voted.
— Michael Saylor (@saylor) October 28, 2026

Under the new schedule, every calendar day will serve as a record date, with dividend payments made on the next business day. A record date determines which holders are entitled to a declared dividend, and the ex-dividend date marks when a stock starts trading without it. STRC will make the switch first, with its first daily record date on November 1 and payment following on November 2. STRF, STRK and STRD will then follow, with their first record date on January 1 and payment on January 4. Because U.S. markets are closed on weekends, dividends with record dates that fall on weekends or holidays will be bundled together and paid on the next business day, according to an SEC filing. The change still depends on Strategy filing amended terms for each of the four stocks.

The Depository Trust Company will treat a weekend or holiday record date as falling on the previous business day, which Nasdaq will also treat as the ex-dividend date. Strategy offered an example to illustrate the mechanics: dividends with record dates of Friday, November 6, Saturday, November 7 and Sunday, November 8 would all be treated as having a Friday record date and paid together on Monday, November 9. Because trades settle the next business day, an investor who buys STRC on that Friday would not receive any of the three dividends, while one who sells that day would still receive all three. Treatment could differ for shares traded outside Nasdaq or held through some brokers, the company said.

STRC under pressure

Strategy proposed the change last month, saying it would help dampen volatility in its preferred shares. For STRC, the move means going from 24 record dates a year to 365.

The company has been working to support STRC, which traded at $99.86 on Wednesday, just below its $100 par value, according to Yahoo Finance. Last week, Strategy paused its Bitcoin buying for the first time since mid-September and spent $204.9 million buying back STRC instead.

Strategy also faces possible removal from MSCI's widely tracked equity indexes. The index provider finalized a rule this month that treats companies whose balance sheets are dominated by a single asset as ineligible, and will publish the list of affected companies on November 11. Between the amended terms filings, STRC's first daily record date on November 1 and MSCI's list due November 11, the amendment now moves into a stretch of concrete implementation milestones.