MicroStrategy STRC hits $380M as shareholders vote

MicroStrategy’s STRC preferred equity recorded roughly $380 million in daily trading liquidity while the company maintained an 11.5% dividend rate for May 2026 and prepared a shareholder vote on dividend timing. Shareholders will vote on a proposal to change dividend payments from monthly to twice-monthly.

Brokerages have begun sending voting notices to holders of both MicroStrategy common stock (MSTR) and the STRC preferred equity. The amendment would take effect in mid-May 2026 if both share classes approve it. Under the proposal, dividend distributions would shift from one monthly payment to two payments each month, which MicroStrategy says would improve cash-flow timing for investors who prefer more frequent income.

Company filings and management commentary link the sustained dividend level to expected appreciation in Bitcoin and to continued capital raises intended to support payout levels.

MicroStrategy founder and executive chairman Michael Saylor posted metrics describing STRC’s trading profile, writing “approximately 3% volatility, 11.5% yield, and roughly $380 million in daily trading liquidity.” He presented those figures alongside commentary about the preferred instrument’s market acceptance.

The preferred equity has drawn institutional interest since its launch. Trading volume surpassing $380 million is a liquidity milestone relative to many less liquid preferred securities and reflects higher intraday tradability for STRC.

Not all market participants view the structure positively. Investor Peter Schiff criticized the dividend arrangement, calling it a scam and warning that rising dividend obligations could force the company into asset sales or liquidation if Bitcoin prices stall.

Analysts’ Bitcoin forecasts for May 2026 are mixed. Some project continued price appreciation, while others point to risks of consolidation or a pullback tied to macroeconomic headwinds. Public figures have offered contrasting long-term price projections tied to MicroStrategy’s strategy; Michael Saylor has outlined an “endgame” view envisioning far higher nominal prices for Bitcoin, and Eric Trump has predicted Bitcoin could reach $1 million per coin.

If shareholders approve the amendment, MicroStrategy will change its distribution calendar beginning in mid-May. Both MSTR and STRC holders must vote in favor for the amendment to pass. Management has continued to cite fundraising capacity as part of its approach to sustaining the dividend schedule, and critics say the structure’s long-term viability depends on Bitcoin’s price path and the company’s ability to raise capital without distress sales.