Strategy shareholders have approved an amendment that lets four of its preferred stock series accrue dividends every calendar day. The company disclosed the vote in a Form 8-K dated Oct. 28. Michael Saylor shared the result on X:
$MSTR shareholders have approved the Daily Dividends amendment. Preliminary results show 99.3% of votes cast were in favor. The amendment enables $STRF, $STRC, $STRK and $STRD to accrue dividends every calendar day. Thank you to all who voted. https://t.co/w1Cp4GKUy5
— Michael Saylor (@saylor) October 28, 2026
What shareholders approved
The vote took place at a special meeting on Oct. 28. The 8-K says the requisite vote was obtained from common stockholders of record as of Sept. 25, based on preliminary results. Shareholders approved amended and restated certificates of designations for STRF, STRC, STRK and STRD.
Strategy still has to file the amended certificates and have them take effect. Once that happens, each series will have a dividend record date on every calendar day, including weekends and market and bank holidays.
Only the timing changes. Strategy has said the amendment does not raise or lower the total regular dividends payable under existing rates. STRF and STRD carry 10% annual rates, STRK carries 8%, and STRC has a variable rate.
The four securities were issued in 2025 as part of what Saylor calls Strategy's "digital credit" platform, which raises money for the company's Bitcoin purchases. Strategy was known as MicroStrategy until it changed its name in early 2025.
When the new schedule starts
STRC goes first, on Nov. 1, 2026. STRF, STRK and STRD follow on Jan. 1, 2027. First payments are expected on Nov. 2 for STRC and Jan. 4, 2027 for the other three, generally the next business day after a declaration.
How weekend record dates will work
The 8-K spends most of its length on settlement mechanics. For shares cleared through the Depository Trust Company, a record date that falls on a weekend or DTC holiday is deemed to fall on the preceding day that is not a DTC holiday. Nasdaq will treat the ex-dividend date the same way.
The filing gives an example. Dividends with record dates of Nov. 6, 7 and 8, 2026 would all be deemed to have a Nov. 6 record date and ex-dividend date, and all three would be paid on Monday, Nov. 9. Because of T+1 settlement, Strategy expects that a buyer on Nov. 6 will receive none of the three dividends, while a seller on that day will receive all of them.
T+1 settlement has applied to most U.S. securities trades since May 2024, which is why a purchase on the record date misses the payout.
The same logic applies to the first STRC date. Nov. 1, 2026 is a Sunday, so under the rules in the filing, DTC would treat it as falling on Friday, Oct. 30 for shares cleared there.
Treatment can differ for shares held outside DTC or traded on venues with weekend trading. The filing adds: "Investors should consult their brokers."
Why Strategy wants this and what to watch
Strategy says the change is meant to improve liquidity, cut reinvestment delays and support price stability. The company has tried to keep STRC near its $100 target price and has used payment schedule changes toward that end. Strategy bought 250 Bitcoin while repurchasing $192.4 million of STRC.
Daily accrual is not a guaranteed daily return. Dividends stay subject to each security's terms and declaration requirements. Preferred shares also trade at market prices that can fall below their stated amount, whatever the dividend rate.
The 8-K itself lists the risk that results may differ because of "the actions, systems, policies and procedures of Nasdaq, The Depository Trust Company, other trading venues, clearing platforms and brokers." The first real test comes with STRC in November.
Gunel Ismayilova
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Cryptocurrency investments involve significant risk of loss. Please note that, despite the nature of much of the material created and hosted on this website, HODL FM operates as a media and informational platform, not a provider of financial advisory services. The opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice, HODL FM strongly recommends contacting a qualified industry professional.
