Strategy’s daily dividend proposal puts Bitcoin funding back in investors’ hands

The @saylor account said Friday that Strategy wants to pay dividends daily on four of the preferred shares it uses in its Bitcoin financing strategy. The proposal would put cash in holders' hands sooner without changing the securities' economics at their current rates. Its value to Strategy depends on whether investors will pay more for that timing.The hurdle differs across the four shares. At Thursday's close, before the proposal, STRF traded above $100 and STRC was close to it, while STRK and STRD were in the low $70s. Those prices are a trading baseline, not evidence that daily payment will lift demand or that Strategy could issue new shares at the same prices.According to the post, dividends on STRF, STRC, STRK and STRD would accrue every calendar day, including weekends and holidays, and be paid the next business day. It did not specify daily record dates, an effective date or the series-by-series approvals. Strategy's August 31 dividend declaration still sets quarterly payments for STRF, STRK and STRD and twice-monthly payments for STRC.A faster calendar does not equal the same claimStrategy's preferred-stock disclosure draws a sharper distinction than payment frequency. Divi...