The strategy conditionally announced a daily profit on STRC, which hovered below its $100 par value.
Michael Seiler Strategies, the largest corporate bitcoin holder, announced daily dividends on its STRC preferred stock for November, subject to shareholder approval and the effect of related amendments.
The company’s board declared a cash dividend for each calendar day from November 1 to November 30, with payment beginning on November 2. According to Form 8-K, each dividend will be payable on the business day following its record date. Filing with the Securities and Exchange Commission.
STRC’s annual dividend rate for November will be 12%. Management will continue to recommend that rate until the stock demonstrates “sustainable, healthy trading near $100 per share,” the strategy said.
Read more
