Michael Saylor has announced that the dividend rate for Strategy's perpetual preferred stock, STRC, will be increased by 25 basis points to 11.25% for February. STRC is positioned as a short-term high-yield credit product, with dividends distributed monthly in cash. The dividend rate is adjusted monthly, and Strategy can issue shares through an at-the-market (ATM) offering linked to this product, potentially raising more funds to increase Bitcoin holdings.
Michael Saylor Announces Dividend Rate Increase for STRC to 11.25%
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