MicroStrategy STRC Hits ₱23.33 billion ($380 million) Daily Volume, 11.5% Dividend Held
Chairman Michael Saylor defended STRC's Bitcoin-backed model against Ponzi scheme comparisons, with the company's 762,099 BTC holdings providing a cushion for dividend sustainability.
Key Takeaway
Strategy's low-cost Bitcoin basis gives STRC flexibility that traditional debt instruments lack.
Strategy's STRC perpetual preferred stock logged ₱23.33 billion ($380 million) in daily trading volume as the company maintained its 11.5% dividend rate for May 2026.
Chairman Michael Saylor emphasized STRC's resilience in his latest post, pushing back against critics who compare the Bitcoin-backed instrument to unsustainable structures. The Nasdaq-listed security uses proceeds from investor purchases to fund Bitcoin acquisitions, with monthly dividend adjustments designed to keep the instrument trading around ₱6,140 ($100) par value.
Benchmark analyst Mark Palmer rejected Ponzi scheme comparisons, arguing that Strategy's model is sustainable because the company can sell portions of its Bitcoin holdings to cover dividend payments. The firm holds 762,099 BTC acquired at an average price of approximately ₱4,647,649 ($75,694) per coin, giving it a cushion against bear markets that rigid debt structures lack.
Strategy operates several preferred securities alongside STRC, including STRF, STRE, STRK, and STRD. All rank with preferred claim on residual assets but are not directly collateralized by the company's Bitcoin treasury. The STRC dividend record date falls on May 15, with the payout scheduled for May 31.
This article was written based on reporting from BeInCrypto.
