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⛓️ Crypto NeutralImportance 6/10

Strategy lifts STRC dividend to 11.5% as MSTR extends monthly losing streak to 8

CoinDesk|James Van Straten||5 views
🤖AI Summary

STRC (Stretch) preferred series raised its annual dividend by 25 basis points to 11.5% under Executive Chairman Michael Saylor's leadership. Meanwhile, MSTR continues its prolonged decline with an eighth consecutive month of losses.

Key Takeaways
  • STRC dividend increased by 25 basis points to 11.5% annually
  • The dividend increase was led by Executive Chairman Michael Saylor
  • MSTR has now experienced 8 consecutive months of losses
  • The STRC preferred series is described as widely-followed by investors
  • The dividend strategy appears to be a response to broader market conditions
Read Original →via CoinDesk
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