Strategy has proposed moving its STRC preferred stock to a daily dividend schedule, under which STRC holders would receive a dividend record date on each calendar day — including weekends and holidays — beginning November 1, if the company's common stockholders approve the change at a vote on October 28. A record date is the cut-off that determines which holders qualify for a given payment, so a daily record date would attach each day's dividend to whoever owns the shares that day.

According to the company's 8-K filing, the first daily payment would fall on November 2.

Only common stock carries a vote on October 28

Strategy's three other preferred listings — STRF, STRK, and STRD — would make the switch later. Their first daily payment would come on January 4, 2027, to holders of record as of January 1, 2, and 3, respectively, and each subsequent payment would land on the next business day following its record date. The staggered timeline would make STRC the first of the four series to pay daily.

The company's board signed off on the plan on September 24. The filing states that the rates, total regular dividends, and Strategy's overall payment obligations remain unchanged — the change alters the frequency and timing of payments, not their size or total.

The preliminary proxy statement lists all four preferred series under "Not Entitled to Vote." The proposal passes only with backing from a majority of the voting power of all outstanding common stock, leaving the decision over the preferred series' terms entirely to common holders.

The October 28 meeting will be held virtually. Even so, a yes vote takes effect only once Strategy files amended certificates of designations with Delaware's Secretary of State — the documents that set the terms of each preferred series, making that filing the final step between shareholder approval and the new schedule.

STRC's previous schedule change followed a different route. In May, Strategy enabled holders of STRC as of April 17 to vote on shifting to twice-monthly payments, as reported by Cryptopolitan. An approval on October 28 would mark the series' second dividend-cadence change this year.

A $2 billion buyback plan props up the $100 par

"The proposed changes aim to support price stability, liquidity, and demand," Strategy co-founder and executive chairman Michael Saylor on X.

In a separate statement, Strategy argued that steadier preferred shares would be easier to sell, helping the company fund additional Bitcoin purchases. The company's four preferred series are a fundraising channel for its Bitcoin strategy, and, by Strategy's own framing, dividend mechanics feed directly into how easily those shares sell.

STRC's variable rate is designed to keep the stock near its $100 par value — a level it lost badly in June when it dived below $75. The shares traded at $98.40 on Friday afternoon, up 0.09% on the day, according to market data.

Strategy has defended the par level since June with a preferred stock buyback program that started at $1 billion and was doubled to $2 billion this month. Cryptopolitan reported that the buybacks included 1,810,885 STRC shares for $176.3 million in early September.