Strategy (Mstr)Bitcoin Treasury Company, which has sold tranches of preferred stock to raise money to buy more of the biggest cryptocurrency, increased the yield on its STRC offering to attract more investors and push the price against its $ 100 goal.
The Tyson Corner, Virginia-based company, increased the payment by 1 percentage point to an annual 10%, said performing chairman Michael Saylor in a Tuesday post of X. Reflective increase, the monthly dividend for September will be $ 0.8333 per year. Stock.
In addition, the company said it bought another 4,048 BTC, which brought its total stocks to 636,505 BTC.
Since July 30 -Debut, Strc has risen approx. 8% and trades nearly $ 97, just below its $ 100 target price. When the STRC reaches this level, it achieves the face value of the strategy, which strengthens price stability centrally for its design as a high yield, low volatility investment. The effective dividend – the yield divided by Strc’s market price – is currently 10.3%.
The payment is supported by a 5 to 1 Bitcoin over-collateralization: For every $ 1 of dividends promised on a STRC share, there are approx. $ 5 worth of Bitcoin held in reserve to support it.
The price target of $ 100 is crucial to the strategy on money (Atm) Issuing Program. If Strc is trading below this level, the company cannot issue more shares through ATM to bring together its Bitcoin stocks.
The company also declared quarterly cash dividends of $ 3,0556 per year. Share for strd, $ 2.50 per Share for strf, $ 2.00 per Stock for Strk. All dividends must be paid on September 30 to the shareholders in registration from September 15.
