Strategy Increases Dividend Rate for STRC Preferred Stock

Michael Saylor has announced an increase in the dividend rate for Strategy's perpetual preferred stock, STRC, by 25 basis points to 11.25%. According to Foresight News, STRC is positioned as a short-term high-yield credit product, with dividends distributed monthly in cash. The dividend rate is adjusted monthly, allowing Strategy to issue shares through an at-the-market (ATM) offering linked to the product's market price, potentially raising more funds to increase its Bitcoin holdings.