PANews reported on March 27th that, according to CoinDesk analysis, Strategy's perpetual preferred stock, STRC, rebounded to its $100 par value in just nine trading days after going ex-dividend on March 13th, slightly faster than the historical average recovery period of 10 days. STRC guides its price by adjusting its dividend yield: lowering the dividend when the share price is above $100 to suppress demand, and raising the dividend when it is below par value to attract buying. Maintaining the price anchored to par value allows the company to raise funds to purchase Bitcoin through a market-price share offering.
STRC offers an 11.5% annualized dividend, paid monthly. In comparison, another Bitcoin vault company, Strive, offers SATA with a 12.75% dividend yield, currently priced at $99.25, also close to par value. Strategy purchased 1,031 Bitcoins last week at $74,326 each, spending a total of $76.6 million, and currently holds 762,099 Bitcoins.

