Bitcoin treasury company Strategy said Wednesday that its shareholders have approved amendments allowing the firm's four preferred stocks to pay dividends every business day, with 99.3% of votes cast in favor, according to preliminary results.

The approval covers all of Strategy's preferred securities — STRF, STRC, STRK and STRD — moving dividend payments from semi-monthly or quarterly schedules to a daily cadence. Dividends will accrue each day, including weekends and holidays, and the annual dividend rates remain unchanged. Preferred stock sits between bonds and common equity in a company's capital structure, typically paying scheduled dividends ahead of common shares, so the shift to daily payouts changes when holders receive cash rather than how much they are owed.

In an official announcement, Strategy said it expects daily payments on STRC to begin Nov. 2, with STRF, STRK and STRD following on Jan. 4, 2027. The company framed the changes as a way to shorten the gap between earning dividends and receiving cash, while supporting liquidity and price stability in the preferred shares.

Source: Michael Saylor on X

Strategy's preferred stocks carry annual dividend rates ranging from 8% to 12%. STRC offers a variable rate, currently set at 12%, while the other three securities pay fixed dividends. STRK additionally gives holders the option to convert their holdings into Strategy common stock.

Related: Strategy skips Bitcoin purchases, spends $205M on STRC buybacks

Strive expands daily dividend offerings with $630 million raise

The move follows a similar step by fellow Bitcoin treasury company Strive, which introduced daily cash dividends on its SATA preferred stock in June, months ahead of Strategy's planned changes. The company has since launched a second preferred security, SATS, which offers a fixed 15% annual dividend rate, with daily payments scheduled to begin Nov. 9, subject to declaration — a fixed rate that tops Strategy's 8%–12% range across its four preferred classes, with daily payouts now a shared feature of both companies' preferred lineups.

Strive closed a $630 million SATS offering on Oct. 20, selling 7 million shares at $90 each. According to the company, proceeds could be used for Bitcoin purchases and other corporate purposes, though it has not disclosed how much it intends to allocate to the cryptocurrency.

Strategy remains the largest publicly traded corporate holder of Bitcoin, with 848,517 BTC, while Strive ranks fourth with 43,000 BTC, according to BitcoinTreasuries.net data.

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