- Strategy Inc. shareholders approved switching its flagship STRC preferred shares to daily dividend payments, with the change set to begin soon.
- The move is the second attempt in less than five months to restart demand for STRC, which Michael Saylor designates as Strategy's main funding source.
- Strategy shifted STRC from monthly to semi-monthly payments in June, while the preferred's price fell with bitcoin.
- Strategy's Stretch preferred stock fell below par value in mid-May, after which the company had been a smaller market participant, with bitcoin sales outweighing purchases over the past five months.