Leading bitcoin BTC$66,807.38 treasury company Strategy has again raised the dividend on its STRC ("Stretch") preferred series.

Led by Executive Chairman Michael Saylor, the firm lifted the annualized payout by 25 basis points to 11.5%.

While STRC to this point has performed as hoped by the company — continuing to trade in a tight range close to $100 — Strategy's common stock, MSTR, has floundered alongside the price of bitcoin.

MSTR closed February with its eighth consecutive monthly decline, falling 14% as bitcoin tumbled nearly 20%.

Stretch is meant for steady income

Strategy describes STRC as a short-duration, high-yield savings account. This latest dividend increase marks the seventh since STRC began trading in July 2025.

A perpetual preferred stock that pays monthly cash distributions, the STRC dividend rate is set each month to help the shares trade close to their $100 par value and to limit price volatility. STRC closed at $100 on Friday but had traded somewhat below that level during part of February's brutal month for crypto, necessitating the payout boost.