As Bitcoin's "drawdown" continues to exert pressure on MSTR's stock, Strategy is making a new tactical move by raising the yield on its preferred shares to ensure its stability at $100.
MILAN - Strategy Inc., the company formerly known as MicroStrategy and now the world's largest corporate holder of Bitcoin, announced a new adjustment to its financial strategy. In a market environment marked by the continued correction in the value of Bitcoin (BTC), Executive Chairman Michael Saylor confirmed that the company has increased the dividend on its STRC preferred shares by 25 basis points for March 2026.
Stretch Dividend Rate increased by 25 bps to 11.50% for March 2026. $STRC pic.twitter.com/G52tLsypsH
- Michael Saylor (@saylor) March 1, 2026
The STRC dividend rate will therefore rise from 11.25% in February to 11.50% in March. This decision is no coincidence: it is the seventh consecutive increase since the bonds began trading in July 2025. The stated goal is to keep STRC's share price pegged at their $100 par value, drastically reducing volatility compared to the company's common stock.
The weight of Bitcoin's downturn on the balance sheet
The current cryptocurrency downturn is testing Strategy's resilience. Since the beginning of the year (YTD), Bitcoin has slumped almost 24%. This wave of selling has been directly reflected in the company's Class A shares, identified by the ticker MSTR, which have lost 14.77% over the same period.
Although Strategy holds the largest corporate reserve of BTC globally, the asset devaluation has resulted in unrealised losses of about $6.6 billion. However, Michael Saylor and CEO Phong Le do not seem intent on changing course, confirming the willingness to continue accumulating the digital currency despite the current price pressures.
The pivot to preferred-stock
The stability of STRC shares, which remain close to $100 parity, contrasts sharply with MSTR's wild swings. For this very reason, CEO Phong Le said last February that the company intends to shift its focus from financing through common shares to issuing preferred shares.
"The move to preferred shares offers a lower volatility capital raising vehicle than MSTR's share dilution," he explained the management.

This template allows Strategy to raise funds to purchase additional Bitcoins by offering investors a fixed monthly return, while protecting them from the drastic declines that characterise the direct crypto market and the main stock.
Future outlook: holding the Saylor model
The market is watching closely to see whether Strategy's aggressive accumulation model can withstand prolonged price pressure. While the common stock remains a highly leveraged proxy for Bitcoin, STRC shares are consolidating as a more conservative 'digital credit' tool, capable of delivering steady cash flows even in periods of 'crypto winter'.
The decisive test for the company will be its ability to sustain these high dividends should Bitcoin's drawdown persist beyond the first quarter of 2026. For now, Saylor's message is clear: the strategy is not changing, but the tools to finance it are evolving towards greater structural stability.

