Strategy proposed moving dividend payments on its high-yielding STRC preferred stock from monthly to semi-monthly.
The move would have no effect on STRC's annual dividend obligations or dividend rate (currently 11.5%), noted Executive Chairman Michael Saylor. Instead, he said, "[the] proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand."
Let's see what happens. They mainly want to run the ATM. Now each time after a dividend it collapses by 1 %, which makes sense as that's about 11.5% ^ 1/12.
Reducing monthly selling pressure could indeed boost liquidity and demand for STRC. Good call.
Welp 1st (STRC) and 15th (SATA) strategy just got nuked!
SATA can only compete on rate now.
Sata, just needs to move to the 7th and/or 21st.
Hahaah
https://twiiit.com/saylor/status/2045232563103359237