According to Bloomberg, Strategy shareholders have approved changing the dividend payment frequency for its STRC preferred stock from twice a month to daily, effective November 1st, to boost investor demand and restore its fundraising capabilities. STRC has an annualized dividend yield of 12%, and Strategy needs its share price to remain at or above $100 par value per share to continue issuing shares at an economically reasonable cost. Last week, Strategy increased its STRC share buyback program by 50% to $3 billion, while continuing to raise funds through common stock issuance to purchase Bitcoin. The company recorded approximately $21 billion in unrealized gains from Bitcoin holdings in the third quarter, with net income reaching $19.5 billion. Investment bank Clear Street expects Strategy not to issue any new preferred stock in the fourth quarter. https://wublock123.com/news/strc-preferred-share-daily-dividend-strategy-70977