Strategy Proposes Daily STRC Dividends to Help Restore $100 Price
Strategy is proposing daily dividends for STRC, which has traded below $100 since May despite a 12% dividend rate and preferred share buybacks.
Strategy has proposed paying dividends daily on STRC in an effort to move its price closer to $100, according to CoinDesk.
STRC has traded below that level since May, even with a dividend rate of 12%.
Roughly $1 billion in preferred share repurchases have also failed to bring STRC back to $100. The proposed daily payout schedule represents another effort to address that gap.
Source: CoinDesk
