Strategy Increases STRC Preferred Dividend to 11.5% as Bitcoin Treasury Losses Mount

Strategy, the largest corporate Bitcoin treasury holder, has raised its STRC preferred stock dividend to 11.5% for March 2026, up from 11.25% in February, according to Chairman Michael Saylor.

The dividend adjustment represents the latest monthly recalibration of the perpetual preferred shares, designed to maintain trading around the $100 par value and reduce price volatility. The dividend is paid monthly, with the next payout scheduled for March 31st to shareholders of record.

This dividend increase occurs despite significant financial challenges. Strategy reported a net loss of $12.4 billion for Q4 2025, causing the company's share price to decline 13% to approximately $107. The stock has fallen approximately 75% from its November 2024 peak of $543, closing most recently at $129.50.

CEO Phong Le indicated in February that Strategy is shifting away from issuing common stock to fund Bitcoin purchases, instead favoring preferred share issuances. Last year, the company raised $7 billion through preferred shares, representing 33% of the entire preferred market.

The company continues accumulating Bitcoin, with its last purchase occurring during the week of February 16th, acquiring 592 BTC valued at $39.8 million, bringing total holdings to 717,722 BTC. However, the current Bitcoin price trades significantly below Strategy's average purchase cost of $76,020 per coin.

Year-to-date, Bitcoin has lost 23.2% of its value, while the Bitwise Bitcoin Standard Corporations ETF has declined 16.1%, reflecting broader challenges facing corporate Bitcoin treasury strategies.